- 2 Marks
Question
What kind of company is a good company?
Answer
A good company is one that is well-governed and meets the following criteria:
- Profitability: It earns good profits through efficient and ethical business practices.
- Customer Responsiveness: It consistently responds to the needs and expectations of its customers.
- Employer Responsibility: It treats its employees well and ensures a healthy and safe work environment.
- Environmental Awareness: It is environmentally conscious, ensuring sustainable operations and minimal harm to the environment.
- Community Engagement: It takes into account the concerns of the host community, contributing positively to societal development.
- Tags: Business Success, Company Ethics, Corporate Governance, Stakeholder Management
- Level: Level 2
- Topic: Corporate Governance
- Series: NOV 2016
- Uploader: Kwame Aikins