Question Tag: Corporate Social Responsibility

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FM – Mar2025 – L2 – Q1 – Sources of finance: debt Level

Explain four types of risks in PPP arrangements in Ghana's healthcare sector.

a) In Ghana, the collaboration between public institutions and private entities in the healthcare sector has become increasingly noteworthy, particularly through Public-Private Partnership (PPP) arrangements. These partnerships are essential for expanding healthcare infrastructure, improving service delivery and ensuring access to quality healthcare for all citizens. For instance, the Government of Ghana has agreements with private companies to build hospitals, supply medical equipment, or manage healthcare facilities. One of the critical aspects of PPP arrangements in healthcare is allocating risks between the public and private partners. Effective risk allocation is crucial to the success of these partnerships, guaranteeing that both parties are driven to fulfil their obligations and that the project can deliver the expected benefits to the public. Required: Explain FOUR types of risks associated with a PPP arrangement in the health sector.

b) Kakape LTD (Kakape), a leading Information Technology firm known for its innovative technology solutions, has $50,000,000$ shares in issue with an equity market value of GH£87,000,000 at the end of 2023. The company is forecasting its profit after tax to grow by 15% per year for the next three years (2024-2026) and onwards by 8% per year. Kakape’s cost of equity capital is estimated to be 12% per year. Dividends may be assumed to grow at the same rate as profits. Assume that the 2023 dividend per share ended up as GH$0.07 and that all dividends will be paid at the end of the financial year. Required: Using the dividend valuation model, determine whether Kakape’s shares are under or overvalued in 2023. (7 marks)

c) In the healthcare sector, hospitals are expected to provide high-quality medical care and uphold corporate social responsibility (CSR) principles that guide them in making decisions that align with their values and responsibilities to patients, staff and the broader community. Required: Explain THREE core principles of corporate social responsibility as applied in the healthcare sector.

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CSME – May 2022 – L2 – SB – Q3 – Environment analysis

Explain the nature, benefits, and key elements of environmental reporting, audits, and Environmental Management Accounting (EMA).

There is a growing concern that organizations should act in a responsible manner to ensure sustainability of their environment. To this end, environmental reporting has become an important part of the reporting obligation of firms. Hence, you have been approached for advice by a manufacturing company that seeks to incorporate environmental reporting into its annual reports. You are to present to the management a report detailing the following:

a. Nature and benefits of environmental reporting. (5 Marks)

b.

  • i. Key elements of the Sustainability Balanced Scorecard (SBSC) as a measure of a firm’s performance. (2 Marks)
  • ii. Elements of an environmental audit. (4 Marks)

c. Nature and use of Environmental Management Accounting (EMA). (9 Marks)

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CSME – Nov 2016 – L2 – Q3 – Ethics in Business

Evaluate whether the decision to build a retail mega store in Ibadan instead of Lagos is ethical using Tucker's five-question model.

An indigenous company wants to set up a retail mega store in Ibadan, chosen for its population density and lower overhead costs compared to Lagos. In Ibadan, electricity supply is more consistent, and operational costs, including salaries, rent, and transportation, are significantly lower. The move would also result in less environmental impact due to reduced diesel generator use. The local government has approved the project, which will create jobs both during construction and after the store’s completion.

Required:
Using Tucker’s five-question model for ethical decision-making, determine whether the decision to build the store in Ibadan rather than Lagos is ethical. (20 Marks)

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CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

a) In their quest to create economic wealth, business organizations leave environmental and social footprints.

Required:
Discuss environmental and social footprints of organizations. (10 Marks)

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CSME – Nov 2021 – L2 – Q3 – Corporate Social Responsibility (CSR)

Discuss the nature of CSR, its theories, aspects, and implementation steps for the company.

At the last board meeting of a company, there was a heated argument about whether or not the company should have Corporate Social Responsibility (CSR) programmes. Some members of the board see CSR as a waste of resources, while others see it as a tool for achieving organizational goals.

Required:
a.
i. What is Corporate Social Responsibility (CSR)? (2 Marks)
ii. Explain stakeholders and shareholders theories on CSR. (2 Marks)

b. Explain to the board FIVE aspects of CSR. (10 Marks)

c. Advise the company on steps to be taken in implementing a CSR policy. (6 Marks)

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CSME – May 2019 – L2 – Q3b – Corporate Social Responsibility (CSR)

Draft CSR implementation steps and highlight the importance of sustainable development to society.

i) Draft a recommendation on the steps to be taken by a company in the implementation of a Corporate Social Responsibility (CSR) policy. (12 Marks)
ii) Present ‘Sustainable Development’ in a way that highlights its importance to society. (3 Marks)

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SCS – Dec 2022 – L3 – Q6b – Ethics and social responsibility

Analysis of child labour using deontological and teleological ethical theories.

The Board chairman and the CEO have disagreed on whether the use of child labour by the distributors and continuous supply of the company’s products to the affected distributors is ethically wrong. The two have approached you as an expert in ethics to determine which of the positions is correct.

Required:

Using the two main theories of ethics, deontological theory and teleological theory, determine whether child labour is ethically wrong. (10 marks)

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CSME – Mar/Jul 2020 – L2 – Q3 – CSR Policy Debate, Ethical Stances, and Cultural Web

Analyze ethical stances using Grey, Owen, and Adams framework and explain board members' ethics using Johnson and Scholes' cultural web.

At a recently held board meeting of your company, there was a heated argument about the need to have a corporate social responsibility (CSR) policy. While some viewed CSR as a complete waste of resources, others viewed it as an absolute necessity.

Required:
a. With the aid of the Grey, Owen, and Adams 7-point classification, analyze the possible ethical stances that could be taken by members of the board. (12 Marks)

b. Using the Johnson and Scholes cultural web, explain the elements that shape board members’ understanding of corporate ethics. (8 Marks)

(Total 20 Marks)

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CSEG – Nov 2015 – L2 – Q5c – Corporate social responsibility

Define sustainability and explain the concept of the triple bottom line with relevant examples.

What is meant by sustainability? Using relevant examples, explain the concept of the triple bottom line.

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CSEG – Nov 2018 – L2 – Q2b – Corporate social responsibility

Discuss how CSR initiatives by a large public company could contribute to the long-term benefits of the company.

Sampa Ltd is a large local fast-moving consumer goods company with many well-known branded products. It imports raw materials for its products from several countries, and all its manufacturing operations are based in Ghana. The financial performance of the company has been declining due to an economic downturn.

The CEO thinks that the economic recession will make all companies focus on profitability and that concerns about corporate social responsibility (CSR) will lessen. He has always held the view that CSR provided some public relations benefits but that it has no effect on the financial performance of companies or their share price.

Required:

Discuss how CSR initiatives by a large public company could contribute to the long-term benefits of the company. (10 marks)

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MA – May 2021 – L2 – Q2a – Other aspects of performance measurement

Identify and explain consequences of environmentally unfriendly corporate practices on profits.

a) The Climate Adaptation Summit (CAS 2021) sought to tackle head on, the imminent catastrophe, which, the unattended climate change can unleash on the world. This is perceived to be more disastrous than the COVID-19 pandemic. So far, accountants have not agreed on how to quantify damages caused to the environment by a company’s operations in the accounts unless they come in the form of a fine.

Required:
Identify and explain FOUR (4) consequences of environmentally unfriendly practices of corporate entities that may negatively influence their profits. (5 marks)

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CSEG – May 2019 – L2 – Q6b – Business ethics

Discuss the importance of incorporating business ethics and sustainability into Apusco’s strategic management activities.

Apusco is an indigenous multinational mining company which undertakes a wide range of mining projects around the world. Apusco has to work with many other organizations and government agencies in order to manage pollution and protection of the environment. Apusco’s mission statement states that ‘The basis of our company is built on the values of conducting business in a socially responsible and ethical manner. We respect the law, protect the environment, and embark on developmental projects in the community.’

Apusco’s values are included within its Ethical Code of Conduct. Apusco places high emphasis on its ethical and sustainable business practices. It involves employees, suppliers, and the members of local communities in which it operates in its strategic management processes. All these stakeholders are fully trained by Apusco in the Ethical Code of Conduct and they are expected to adhere to it.

Required:
Discuss FIVE (5) importance to Apusco for incorporating business ethics and sustainability into its strategic management activities.

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CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

Wakanda Ltd is a listed multinational company which manufactures and sells fruit juice. Last year, Wakanda Ltd received criticism in the national press in Ghana and in other countries as a lot of customers were hospitalized after purchasing some of its fruit juice which was contaminated. This resulted in low patronage of its products and a huge fine by the Government.

The Board of the company believes in improving relationships with groups such as suppliers, customers, and employees in order to regain its reputation. It has come out with the following corporate social responsibility (CSR) initiatives in order to correct the shortfall in sales:

  • Paying all bills of hospitalized customers and reducing prices of the products for customers.
  • Sourcing high-quality raw materials from suppliers and providing suppliers with capital to produce more.
  • Using efficient processes and motivating staff to give their best.
  • Maintaining the highest standard of hygiene and complying with the standards issued by the Ghana Standards Board.

Required:
Assess the significance of the CSR stance taken by the Board.

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CSEG – May 2016 – L2 – Q5a – Corporate social responsibility

Make a case for Corporate Social Responsibility (CSR) to help a petroleum company's board formulate an appropriate CSR strategy, focusing on benefits and rationale.

You have recently been appointed head of corporate affairs of a reputable company that operates in the upstream sector of the petroleum industry in Ghana. In a recent management meeting, a disagreement arose among executives regarding the nature of the company’s philosophy and strategy towards social responsibility. In order to resolve the disagreement, you have been asked by the company’s board of directors to submit a position paper that will enable it to formulate an appropriate corporate social responsibility strategy for the company.

Required: In a brief report to the board, make a clear case for Corporate Social Responsibility (CSR) to help your company’s board formulate an appropriate CSR strategy.

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AAA – July 2023 – L3 – Q5b – Assurance services | Current issues

Explains appropriate audit procedures for Corporate Social Responsibility (CSR) reports, focusing on assessing impact and stakeholder engagement.

Corporate Social Responsibility (CSR) is the hallmark of every well managed entity. In some cases, cost of CSR may not involve actual expenditure.

Required:

Explain THREE (3) appropriate procedures for audit engagements for CSR reports. (5 marks)

 

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CSEG – Nov 2017 – L2 – Q3a – Corporate social responsibility

Explain the stances of corporate social responsibility: Enlightened self-interest and Multiple stakeholder obligations.

Different organizations take different stances on corporate social responsibility (CSR), which will be reflected in how they manage such responsibilities. The stance taken normally reflects the extent of inclusion of stakeholders’ interests.

Required:

Explain each of the following CSR stances:

  • Enlightened self-interest
  • Multiple stakeholder obligation (8 marks)

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BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

The basis for assessing excellent company performance is gradually moving away from profitability to how ethical the company operates and treats its stakeholders.

Required:
Outline TWO (2) ethical obligations of a company towards the following stakeholders.
i) Employees (2 marks)
ii) Customers (2 marks)
iii) Shareholders (2 marks)
iv) Suppliers (2 marks)
v) Community (2 marks)

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BMIS – Nov 2020 – L1 – Q1a – The business organisation and its stakeholders

Explains the advantages of converting to a public limited company, corporate social responsibility, and examples of socially responsible projects.

Mr. Steve Ansah and his wife Betty, who have successfully operated SteveBetty Co. Ltd, a Private Limited Liability Company, over the last several years, are considering converting it into a Public Limited Liability Company and have approached you as a Corporate Planning Analyst for your advice.

i) Explain to them THREE (3) advantages associated with converting to a Public Limited Liability Company.
(6 marks)

ii) Explain Corporate Social Responsibility to the management of SteveBetty Co. Ltd.
(2 marks)

iii) State TWO (2) examples of socially responsible projects that SteveBetty Co. Ltd can engage in.
(2 marks)

 

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