Question 1 What is the difference between the regulatory and voluntary disclosures? Explain the benefits of enhanced disclosures. (4 Marks)

Question 2 Choose three listed companies from same industry, download their annual reports from tadawul website and identify the CSR activities that these companies have implemented in 2021. Attach the soft of these annual reports as an appendix to the assignment. (In case you are unable to find annual reports on Tadawul website, visit the websites of selected companies and download from there) (10 Marks) Company A Company B Company C CSR Activities Community Environment Employees Social Sustainability Required: a. Explain the CSR activities for three companies based on the table above. b. Make an analysis to compare the level of CSR between the selected companies. c. What is the relevance of these CSR disclosures for outside investors