can you reply to this statement using Watch Frontline: The Madoff Affair? Click on the link above to watch the video in preparation for the writing assignment and take notes. (You must cite in your Post.) Visit the Business Roundtable website and read the August 2019 article "Business Roundtable Redefines the Purpose of a Corporation to Promote 'An Economy that Serves All Americans'". (You must cite in your Post.) in text citationCorporate Social Responsibility (CSR) underscores businesses' moral obligations beyond profit-making, ensuring they account for stakeholders and societal impacts (Chapter 3, section 3-2a). This principle was egregiously violated in the Madoff scheme, as unveiled in the "Frontline: The Madoff Affair" documentary, leading to devastating repercussions on various stakeholder groups. The Madoff scheme unveiled the dark side of neglecting CSR, impacting three significant stakeholder groups: Investors, Employees, and Regulatory Authorities. The first wave of the catastrophe struck the investors, who suffered monumental financial losses. Notable individuals and entities witnessed their life savings evaporate as the scheme unraveled, showcasing the dire need for stringent adherence to CSR principles to safeguard investors' financial interests (Madoff 25:20). The ripple effect of the scheme extended to Madoff's employees, who, despite their non-involvement in the fraudulent activities, found themselves jobless with tarnished reputations. This scenario underscores the societal implications of unethical business practices and the paramount importance of CSR in ensuring a favorable work environment (Madoff 32:10). The failure of regulatory bodies like the Securities and Exchange Commission (SEC) to unearth the scheme, despite glaring red flags, severely impinged on their credibility. This necessitated a thorough re-evaluation of regulatory frameworks, underlining the critical role of CSR in bolstering the efficacy of regulatory oversight (Madoff 40:15). The Madoff affair stands as a stark reminder of the perils of overlooking CSR, underscoring the need for a holistic approach in corporate governance to ensure ethical conduct and societal well-being. Through the lens of the Madoff scheme, the criticality of adhering to CSR principles for the broader good becomes undeniably clear, advocating for a more inclusive and ethically grounded corporate landscape