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Which of the following best summarises the attitude that the directors of a quoted company should take towards social responsibility? A B D Social responsibility
Which of the following best summarises the attitude that the directors of a quoted company should take towards social responsibility? A B D Social responsibility can and should constrain the creation of wealth. Social responsibility is just as important as the maximisation of shareholder wealth. The directors should place social responsibility before their own interests. The directors should take care to ensure that they are seen to be socially responsible, even if they are not. [2] How should the directors of a quoted company view agency problems? B D Agency problems are inevitable and so they should be ignored. Agency problems are perceived, but do not exist in reality. Agency problems concern the shareholders and not the directors. Agency problems may be reduced through transparency and accountability. [2]
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