One clear example of the validity of stakeholder theory in Australia has been:
A)the increasing push towards corporate social responsibility
B)the collapse of companies such as HIH
C)the establishment of the ASX Corporate Governance Council
D)the merger of the Australian Stock Exchange and the Sydney Futures Exchange

Question

Quizplus · Accepted Answer

The increasing push towards corporate social responsibility in Australia is a clear example of the validity of stakeholder theory. This shows that companies are recognizing and responding to the needs and interests of their stakeholders, including employees, customers, suppliers, and the broader community. This is a prime example of stakeholder theory in action, as it highlights the importance of considering the interests of all stakeholders, not just shareholders, in corporate decision-making.

One Clear Example of the Validity of Stakeholder Theory in Australia