Week 7 Tutorial (Assessed) Lecture: Corporate Approaches to Responsible Business 1. Which view of corporate social responsibility - the narrow or the broad - do you favour, and why? 2. Do you agree that for-profit businesses should serve a social purpose? Explain your answer using two SDGs. 3. Read the Crown Resorts inquiry summary at https://www.smh.com.au/business/companies/what-we-learned-about-crown-from-the-nsw- inquiry-20210222-p574sr.html The Financial Review states that (https://www.afr.com/rear-window/andrew-demetriou-has- only-himself-to-blame-20210214-p572dh) "Organisations ... are always bigger than the individual, " said Andrew Demetriou. "You should always put the interests of the whole first and foremost. " The former AFL boss was talking, in 2014, about the Essendon supplements saga, which he wanted drawn to an end over the objections of individuals who felt hard done by. It is evidently a sentiment he holds for others more than himself. After a gobsmacking but brief foray back into AFL politics, the Crown Resorts director resigned, finally, on Thursday evening, citing the greater good and his hopes Crown Resorts would soon become suitable for the NSW regulator. a. If you replaced Demetriou as the new board director, how would you ensure that Crown Resorts would become a more social purpose business? b. If you were the NSW Regulator, what additional measures would you take to ensure that board directors at Crown Resorts are morally competent individuals capable of moral reasoning in their corporate decision making