28 February, 2021

Follow the rules of corporate obligation, and reap the rewards

Recognising corporate responsibility—moral and social—makes for a well-run company that is attractive to all stakeholders.

Image: Chatchawan / Shutterstock

While it might be considered that the prime responsibility of company directors and managers is to grow the company, and thereby also grow the returns to owners and investors, this is actually a simplistic way to consider their actions. Obviously they have a duty to protect the interests and investment of those owners, but there are many ways in which this can be achieved. Indeed, ensuring the continued existence of the company is very often

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corporate social responsibility, ethics, moral responsibility, stakeholder engagement, stakeholder value, sustainability