This chapter divided Stakeholder Theory into the ethical branch and the managerial branch. Explain the differences between the two branches in terms of the alternative perspectives about when information will, or should, be produced by an organisation.

In publicly released reports a number of organisations are referring to their 'licence to operate'. What do you think they mean by this, and is there a theoretical perspective that can explain what this term means?

If a major Australian mining company reports record profits, is this profit figure misleading if the same company has polluted various river systems and has emitted various toxic substances into the air, but has not placed a cost on these externalities?