If some shareholders complained that you and your co-managers have not been spending enough money on...

If some shareholders complained that you and your co-managers have not been spending enough money on social responsibility and corporate citizenship, what would you tell them? Respond in 150 words.

Expert Solution

I would very politely yet firmly explain them what all are the reason for not spending enough money on CSR activities:

I would explain them the first priority is business and then if business flourishes some part can be invested in CSR activities but as of now we have not been doing very good and funds are to be invested in the business and probably in future we can invest funds in CSR activities as well.
As of now we cannot see any domain in which we can spend money so we are waiting for the right opportunity so that maximum people can be benefitted from our CSR initiatives.
The government has not been very supportive of such activities these days and even of we give a contract to NGO then they follow unethical means to earn money.

Having said that I assure you that in coming days many positive initiatives would be done from our side as far as the corporate social responsibility is concerned.

keosha answered 7 months ago

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