LMN Ltd. is filing its income tax returns on time. They are also updating their shareholders about their projects and provide for return to them. Towards which interest group are they fulfilling their responsibility? Which values are being followed by the company?
LMN Ltd. is filing its income tax returns on time. They are also updating their shareholders about their projects and provide for return to them. Towards which interest group are they fulfilling their responsibility? Which values are being followed by the company?
They are fulfilling their responsibility towards shareholders and owners and towards the government. Organisation must also provide the shareholders with regular, accurate and full information about its working as well as schemes of future growth. Business enterprise has the responsibility to provide a fair return to the shareholders or owners. An enterprise must respect the laws of the country and pay taxes regularly and honestly.
Values followed by company are as follows:
1. Legal Responsibility: Every business has a responsibility to operate within the laws of the land a law abiding enterprise is a socially responsible enterprise as well.
2. Ethical Responsibility: Behaviour that is expected by society but not codified in law. There is an element of voluntary action in performing this responsibility.
They are fulfilling their responsibility towards shareholders and owners and towards the government. Organisation must also provide the shareholders with regular, accurate and full information about its working as well as schemes of future growth. Business enterprise has the responsibility to provide a fair return to the shareholders or owners. An enterprise must respect the laws of the country and pay taxes regularly and honestly.
Values followed by company are as follows:
1. Legal Responsibility: Every business has a responsibility to operate within the laws of the land a law abiding enterprise is a socially responsible enterprise as well.
2. Ethical Responsibility: Behaviour that is expected by society but not codified in law. There is an element of voluntary action in performing this responsibility.
