Saturday, May 11, 2019
A report on the accountability in Shell company in 4 areas of Research Paper
A report on the accountability in Shell keep company in 4 areas of accountability describe and explain each of these selected discommodes and secondly describe how each issue is implemented Shell - Research Paper ExampleShareholders are interested in knowing a familys financial position and whether it is able to earn adequate revenue so that their returns are maximized. Shareholders provide a pedigree with capital, which is invested in valuable assets and are applyd in different ways. If a company does not utilise the capital effectively, it would fail in generating profits as well as in providing returns to shareholders. Similarly, suppliers are also interested in knowing whether a company is able to utilize the materials supplied by them and whether they are financially sound to make payments on time. Employees do not receive their salaries and takings on time if a company fails in generating adequate revenue. Also, they are affected if the firm pursues science and merger r elated activities as this may lead to their shifting or loss of job. A firm also remains accountable to the society and the government in respect of its environmental policies and payment of taxes (Royal Dutch Shell Plc, 2013).Globalization has induced complexity into the world of commerce. Companies are indulging in bureaucratic and wrong activities in order to sustain global completion and make profits. Corporate Social Responsibilities or CSR activities service of process in maintaining fair business practices and makes a company accountable in respect of its activities. Hence, firms are need to prepare CSR reports at definite periodic intervals. Such CSR reports are considered to be important in promoting business integrity, establishing proper regulatory framework and mapping efficiency of business authorities and senior management. For lawyers and accountants, CSR is largely a technical term involving only the accountability of a firm in respect of financial statements. CSR , however, is a broad term comprising several aspects such as, firms responsibility towards the society, environment, government and the common kettle of fish (Frynas, 2005).It is important
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