Utilise the knowledge you gained in this unit to respond to ONE (1) of following questions, commenting on the key terms and taking a position on the topic. You should write approximately 4-5 paragraphs in your response. State your position and support it using logical arguments and content from your own research and that of your classmates. In particular, you should support your arguments using examples from at least two of the eight companies that were the basis for research in this Trimesters assessments. These companies were: Alibaba, Coca-Cola, Nestle, Amazon, PepsiCo, Unilever, Cathay Pacific and LOreal. State your position with regard to ONE of the following questions:

1. Discuss the nature of the social contract and explain the obligations that business has to society.

OR

2. Explain the role of corporate governance in helping business to fulfil its social responsibilities.