Question: SHORT ANSWER 1. Differentiate between the instrumental approach and the social contract approach to corporate management. 2. Discuss the difference between ethical, altruistic, and strategic

SHORT ANSWER

1. Differentiate between the instrumental approach and the social contract approach to corporate management.

2. Discuss the difference between ethical, altruistic, and strategic types of corporate social responsibility (CSR).

3. Explain the "comply or explain" guideline. Why did the "comply or else" policy come into force?

4. Does a commitment to good corporate governance affect a company's profitability?

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