BAC 4- Good Governance and Social Responsibility

(a)   An attribute of the corporation which means that, a corporation continue to exist even in death, incapacity, or insolvency of any stockholder or member.

(a)   Refers to the party given the authority to implement the policies determined by the board in directing the course of business activities

(a)   According to Ambrose Bierce, It is an ingenious way of obtaining profit without individual responsibility

(a)   Stakeholder who invested their capital in the corporation

(a)   Who said that social responsibility of the corporation is to increase profit?

(a)   They are natural or artificial persons considered as the owners of the corporation

(a)   The collegial body that exercises the corporate powers of all corporation under the corporation code

(a)   This refers to the system whereby shareholders, creditors, and other stakeholders of a corporation ensure that management enhances the value of the corporation as it competes in an increasingly global marketplace.

(a)   The openness of information that is due to be made known by the stakeholders

(a)   Recognition or assumption of responsibility for decisions, actions, policies, the administration, governance and implementation of programs and plans