The above questions require context or reference from the South Africa's King IV Corporate Governance Report. To ensure well processed learning and understanding, please may the answers be well structured, and explained fully and simply.

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Read the scenario below and answer the questions that follow: Corporate Social Responsibility In a certain small town with a high unemployment rate, many people work at ABC manufacturing company. The company has never relocated, although cheaper workers can be found elsewhere. The workers are loyal because the company has earned a reputation of taking care of its employees and being a responsible corporate citizen. For years, a by-product of the manufacturing process, which is considered harmless, has flowed into the town's river. However, some people who live near the river have reported illnesses. This by-product does not currently violate any anti-pollution laws and a company's first responsibility towards society is to be financially sustainable. Source: Rossouw and Van Vuuren (2017). Business ethics. Cape Town: ABC Press. 3.1 In your opinion, is the company acting ethically? In your answer, state any five (5) elements or aspects that you consider to be important in this regard. (5) 3.2 Describe any five (5) mandatory responsibilities to the community to which the company is obligated to adhere. (5) 3.3 In your opinion, identify any six (6) strategic considerations the company should review to ensure that CSR initiatives are implemented. (6)