Critically discuss the need for the stakeholder-approach

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Question -

(a) Explore the main principles of corporate governance and critically evaluate the reasons for the development of, and the need for, corporate governance codes, despite the plethora of financial regulations such as company legislations, stock exchange requirements and accounting standards.

(b) "Corporate social responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it... but because it is good for our business" - Niall FitzGerald, Former-CEO, Unilever.

Required - Critically discuss the need for the stakeholder-approach and the related factors which companies should take into account when appraising their corporate strategies; including the benefit of such factors to stakeholders, who are not shareholders.

Reference no: EM133187106

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