Corporate Social Responsibility
ACC10907
代考Corporate Social Responsibility You work for Pfoozer: a multinational pharmaceutical company who, amongst other things, manufacture Covid-19 vaccinations.
3 hours (excluding reading time):
Reading time: 10 Minutes
Total exam time: 3 hours 10 minutes
Please read the full instructions before you start writing.
Exam paper information
● Total number of pages: 4
●Number of questions: 6
● There are THREE sections.
●Attempt ONE question from each section.
●AIll questions carry equal marks
Special instructions
● None
Special items
●None
Section A 代考Corporate Social Responsibility
Answer ONE question from each section
Question 1
You work for Pfoozer: a multinational pharmaceutical company who, amongst other things, manufacture Covid-19 vaccinations. The manufacturing of your vaccine occurs in an economically less developed country, where labour costs are relatively low and human-relation regulations are relatively lax (e.g. low health and safety standards, zero-hour contracts, no pension/insurance benefits of employment).90% of the inhabitants of this country have not yet had a first dose of the vaccination. The low dosage rate, coupled with the poor social and economic situation of many of the country’s inhabitants is suggested as the main cause for Covid-19 related deaths to be double that of economically developed countries. 代考Corporate Social Responsibility
Pfoozer are currently considering selling 100% of their manufactured vaccinations to an economically developed country, where 55% of the population have already had two doses, and 85% have had a first dose. The government of the developed country has offered to pay a higher price for Pfoozer’s vaccination in exchange for priority.
REQUIRED:
Drawing on the Institute of Management Accountants Statement of Ethical Professional Practice, and other relevant literature, critically evaluate whether ethical codes are likely to encourage above scenario. ethical behaviour in the above scenario.
Total [100] marks.
Question [2]
‘Business Ethics’ has been described as an oxymoron. In other words, business activities can never be ethical.
REQUIRED:
Critically evaluate how accounting might contribute to ‘Business Ethics’ being described as an oxymoron.
Total [100] marks.
Total marks for section A is 100
Section [B]
Answer ONE question from each section
Question 3
Critically evaluate the idea of stakeholder engagement as a way of introducing debate into sustainability related issues within an organisation.
Total [100] marks. 代考Corporate Social Responsibility
Question [4]
Critically evaluate the usefulness of sustainability reporting in promoting sustainable practices.
Total [100] marks.
Total marks for section [B] is [100]
Section [C] 代考Corporate Social Responsibility
Answer ONE question from each section
Question 5
Napier & Brothers Ltd., a Scottish company intends to list on the London Stock Exchange once the Covid-19 pandemic is under control. The listing rules of the stock exchange require all listed companies to follow UK corporate governance principles.However, Mr Napier and his senior managers are not quite sure if the company is following the corporate governance principles. They come to you with the information below and ask your views.
Napier & Brothers’ board is currently comprised of six executive directors, a non-executive chairman and three other non-executive directors (NEDs). The chairman and one of the NEDs are former executive directors of Napier & Brothers and on reaching retirement age were asked to take on non-executive roles. All the directors have been members of the board for at least four years. As the chairman does not have an executive role, he has sole responsibility for liaising with the shareholders and answering any of their questions. 代考Corporate Social Responsibility
Due to cost implications, Napier & Brothers has not established an internal audit function within its management structure to monitor internal controls, however, Napier & Brothers has established an audit committee, and all NEDs are members including the chairman who chairs the committee. All four members of the audit committee were previously involved in marketing, HR management, and quality control related roles in Napier & Brothers.
REQUIRED:
Based on the information above,
a) critically discuss FIVE weaknesses of Napier & Brothers’ corporate governance (60 marks)
b) provide a recommendation to address EACH weakness to ensure the company’s compliance with UK corporate governance principles.(40 marks)
Total [100] marks.
Question [6] 代考Corporate Social Responsibility
Corporate governance has been developed with two main approaches: the “principles-based” approach and the “rules-based” approach.
Critically compare these two approaches by discussing their advantages and disadvantages in the context of developing an effective corporate governance system for a multinational corporation
Total [100] marks.
Total marks for section [C] is [100]
End of Paper
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