The stewardship function refers to:
A) Disclosing management's use of funds and other financial information to absentee shareholders.
B) A company's corporate citizenship track record.
C) The collection of information for planning the future of the entity, implementing those plans, and for controlling daily operations.
D) The collection of information to help present and potential investors and creditors and other users in assessing the amounts, timing and uncertainty of prospective cash receipts.

Question

Quizplus · Accepted Answer

The stewardship function primarily involves disclosing how management has used the funds and other financial resources entrusted to them by the shareholders, especially those who are not actively involved in managing the company. This includes reporting financial performance and how resources are allocated.

The Stewardship Function Refers To