Match the items of List-I with List-II and identify the code of correct matching: Codes:List-I (CSR Models) List-II (Emphasis) a. Ethical Model i. Corporate responsibilities limited to private owners. b. Statist Model ii. Voluntary commitment by companies to public welfare. c. Liberal Model iii. State ownership and legal requirements determine corporate responsibilities. d. Stakeholder Model iv. Companies respond to the need of customers, communities, etc.
a-ii, b-iii, c-i, d-iv
The four CSR models each rest on a different view of whom the corporation is responsible to, and each must be matched with its emphasis.
The Ethical model holds that companies have a voluntary obligation to work for the welfare of society, going beyond what the law strictly requires, so it matches voluntary commitment to public welfare (a-ii).
The Statist model, associated with a state-dominated economy, holds that state ownership and legal requirements should determine corporate responsibilities, so it matches state ownership and legal requirements (b-iii).
The Liberal model (in the Friedman tradition) holds that a company's only responsibility is to its private owners or shareholders - to earn profit lawfully for them - so it matches corporate responsibilities limited to private owners (c-i).
The Stakeholder model holds that a company must respond to the needs of all its stakeholders - customers, employees, communities and others - so it matches responding to customers, communities, etc. (d-iv).
Putting the pairs together gives a-ii, b-iii, c-i, d-iv.
Hence the correct match is a-ii, b-iii, c-i, d-iv.
Similar Questions
Which one of the following is not a principle of corporate Governance ?
Match the items given in the List - I and List - II and suggest the correct code :
List - I List - II (a) Ethics (i) Right code of behaviour for a group or profession (b) Morality (ii) Prescribes right conduct for everyone (c) Moral standard (iii) Needs some inclination to follow morality (d) Meta Moral Standard (iv) Practical and pragmatic Code :
Assertion (A) : When a corporation acts ethically and socially responsible in its business decisions and strategic planning, then the corporation will be more sustainable.
Reason (R) : Socially responsible corporate behaviour is increasingly seen as essential to long-term survival of companies.
Social responsibility of business while appropriating natural resources by a corporate entity has been recommended in which one of the following?
Disclosure of corporate governance practice and its compliance has been stipulated in which one of the following?
Kumar Mangalam Birla Committee Report, Ramesh Chandra Committee Report, Cadbury Committee Report primarily focus on which one of the following?
'The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.'
This may be attributed rightly to which one of the following?
Read the following passage and answer the questions :
Jensen examines the dynamics of corporate takeovers and challenges prevailing misconceptions surrounding them. He argues that takeovers are not merely hostile disruptions but serve as a crucial mechanism of the market for corporate control. According to Jensen, inefficient management teams often fail to maximize shareholder value and takeovers act as disciplinary tool by transferring control to more competent managers. He emphasizes that while popular belief portrays takeovers as destructive to employees and communities, empirical evidence suggests that they frequently generate significant economic gains by reallocating resources to more productive uses. Jensen distinguishes between the folklore-emotional and political arguments against takeovers depicting as harmful to employees and society and the science, which demonstrates thier role in improving efficiency and shareholder wealth. He also addresses concerns about debt financing in leveraged buyouts, contending that high leverage can impose financial discipline on managers by reducing wasteful spending. Ultimately, Jensen frames takeovers as an essential corrective force within capitalism, countering managerial inefficiency and aligning corporate behavior with shareholder interests. His analysis laid the groundwork for modern corporate finance debates on governance, agency costs and the value-creating potential of mergers and acquisitions.
In the paragraph, inefficient management teams are described as those who :
Which of the following reflect Jensen’s “Science” of takeovers ?
A. Improve shareholder wealth
B. Reallocate resources productively
C. Impose financial discipline through debt
D. Operate as hostile disruptions
E. Function as an essential corrective force in capitalism
Choose the correct answer from the options given below :
Important Questions from Corporate governance and business ethics
As per the Anglo-Saxon Model of Corporate Governance, the authority lies with the following. Arrange these in decreasing order of authority.
A. Board of Directors
B. Managers
C. Shareholders
D. Employees (Company)
E. Trade unions
Choose the correct sequence from the options given below
Assertion (A) : Corporate governance is an important instrument of investor protection.
Reason (R) : Strong corporate governance is indispensable to resilient and vibrant capital markets.
Which one of the following options is correct?
Which one of the following is not a norm of corporate governance ?
Which one among the following is not a true statement?
Ethics are moral principles and values which:
