The FNBB Foundation is the body that administers the corporate social investment funds of First National Bank Botswana. The Foundation provides the Bank with the opportunity for greater involvement and cooperation with the community within which it operates.
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The mandate of the Foundation is to assist projects that comply with set criteria which are assessed under clear guidelines. Any formally constituted non-government organisation (NGO) and any non-commercial organisation in Botswana which is registered as a non-profit making entity and is involved in improving the general welfare of needy communities in Botswana may apply for funding. The Foundation
places particular emphasis on projects that align with the FNBB corporate social responsibility.
And emphasis on social welfare includes:
•Education
•Arts and Culture
•Sport and Recreation
•Environmental Sustainability
•Social and Welfare Development
The Foundation does not finance the purchase of luxury vehicles, conferences and seminars, foreign travel, political parties or religious interests. Projects must demonstrate that they have sound financial systems and controls in place to ensure proper accountability for funding provided. Grant approvals are dependent on grantee organisations complying with detailed financial reporting requirements throughout the duration of the project. The Foundation also assesses proposed projects in terms of the extent to which they are properly researched and motivated. It is important that funded projects include an element of community self-help and are designed to be self-sustaining. Developmental impact should be the primary driver, and projects should demonstrate a measurable and sustainable future. It is also important that funded projects must have a solid alignment to the FNBB brand.
To date the Foundation has donated funds to a wide variety of projects of different sizes throughout Botswana, with contributions ranging from P10 000 to almost P3 million per project. Total donations between 2001 and 2015 amount to P32 million.

Required:
Discuss the way in which FNBB’s corporate social responsibility strategy is:
a. Consistent with wealth maximization. (15 marks)
b. Inconsistent with wealth maximization. (10 marks)