Answer to Question #270638 in Management for Precious

Question

Evaluate the legislative environment influencing corporate governance and social responsibility

Answer 1

The link between excellent firm accountability and social obligation aids businesses in maintaining a healthy equilibrium. It further backs the firm's endeavors to improve control systems, increase shareholder profitability, and improve client and stakeholder contentment.

A contemporary research looked into how a firm's connections with its founders, management, and a panel of directors could affect its sustainability effectiveness. According to the results, organizations with prominent Chief Executive Officers who simultaneously serve as chairpersons of their board of trustees do better environmental compliance.