Corporate governance and business ethics are concerned with ensuring a company is fulfilling its responsibilities across three distinct spheres of responsibility. What are these three spheres? The economic responsibility, to make a profit; the social responsibility, to support its stakeholders; and the environmental responsibility, to operate sustainably The efficiency responsibility, to maximize the most amount of good; the social responsibility, to benefit the greatest number of people possible; and the economic responsibility, to do so at the lowest possible cost The ethical responsibility, to do what is moral; the legal responsibility, to operate within the confines of the law; and the economic responsibility, to make a profit