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CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY, An annual general meeting…
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An annual general meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. At an AGM, the company's directors present a yearly report containing shareholders' information about its performance and strategy.
Shareholders with voting rights vote on current issues, such as appointments to the company's board of directors, executive compensation, dividend payments, and auditors' selection.
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• Financial statements: The company presents its annual financial statements to its shareholders for approval
• Ratification of the director's actions: The shareholders approve and ratify (or not) the board of directors' decisions over the previous year. This often includes the payment of a dividend.
• Election of the board of directors: The shareholders elect the board of directors for the upcoming year.
The growing CSR awareness is also reflected in the increasing number of CSR and sustainability reports and the provision of CSR-related information such as through advertising (Kolk 2005). CSR disclosure can be defined as the information that a company discloses about its environmental impact and its relationship with its stakeholders through relevant communication channels (Gray et al. 2001).
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Corporate Governance is concerned with balancing economic and social goals and between individual and communal goals. The aim is to align as nearly as possible the interests of individuals, corporations, and society.
Corporate social responsibility is concerned with treating the firm's stakeholders ethically or in a socially responsible manner, socially responsible will increase the human development of stakeholders both within and outside the corporation.