Reporting to Stakeholders
There have been a lot of arguments on reporting to stakeholders by different scholars. There have emerged two schools of thought. The first school is the shareholder concept in corporate responsibility advocating for managers to concentrate on the maximising shareholder value. The second school of thought advocates for managers to concentrate on various stakeholders that affect and are affected by the company. I will discuss why the company should use the stakeholder model of reporting.
Thesis Statement: Reporting to stakeholders is the superior and sustainable concept that the company should practice.
The stakeholder approach has been contested by many scholars. They argue that the only stakeholder the management should consider is the shareholder. When the management ...
