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Question
Under the social responsibility philosophy, which of the following best describes what the government's role in corporate governance should be?a. Governments should dictate how businesses run their corporate governance systems to ensure equality and fair competition.
b. Governments need to be actively engaged in affording both protection and accountability for corporate power and decisions.
c. Governments should take a hands-off approach to regulating corporate governance and let the corporations take care of it.
d. Governments should wait until after a crisis, such as the Asian economic crisis, before intervening with corporate governance procedures.
e. Governments have influence on neither corporate governance nor the overall success of corporations on a global level.
Answer
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