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Fall 2019

PHI-401; Sec: 11

Group Project Topic:

The Ethical Movement of a Company according to Stakeholder Theory

Submitted To:

Barrister Afroz Imtiaz (BAI)

DATE OF SUBMISSION: 14/12/2019

THE APOSTLES

NAME ID
NAWAR SHARMIN 1520585633
SAMEEYA ISLAM 1711270630
NAIM UL HUQ 1711727030
SHAKIL AHMED 1731728630
LOWHE MAHFUZ RAFI 1811875630
MD. ZAKARIA ZIM 1812092630
ANIKA ASHRAFEE MAHMUD 1813468630

Table of Contents
Introduction.................................................................................................................................................3
Stakeholder Theory.....................................................................................................................................4
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Who is a Stakeholder?.................................................................................................................................4
Six Principles of Stakeholder Theory..........................................................................................................5
Importance of Stakeholders:........................................................................................................................6
Corporate accountability and stakeholder theory:........................................................................................7
Stakeholder theory’s importance from the perspective of sustainability of a business................................7
Importance of Business Ethics.....................................................................................................................9
Influence of the Global perspective on the stakeholder theory-...................................................................9
Influence of the Corporate governance on stakeholder theory –................................................................10
Why companies engage in CSR activities.................................................................................................11
Ways of performing CSR activities...........................................................................................................12
How to build a socially responsible business.............................................................................................13
Business Benefits of CSR..........................................................................................................................13
Rights & Duties of Employees as Stakeholders of the firm.......................................................................14
What are the individual influences on ethical decision making from stakeholder’s perspective?..............15
Suppliers as stakeholders in Bangladesh’s perspective:.............................................................................16
Competitors as stakeholders in Bangladesh’s perspective:........................................................................16
Consumers as Stakeholders.......................................................................................................................16
Consumers as stakeholders in Bangladesh perspective..............................................................................18
Conclusion.................................................................................................................................................19
References:................................................................................................................................................20
Team Contribution....................................................................................................................................21
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Introduction

Stakeholder theory introduces the business ethics, morals and values when managing
stakeholders involved with an organization. The theory argued that firms or organization should
add value for all stakeholders. So this is the first time to come up with the definition of
stakeholder. Stakeholders are any individual, group or company who has interest in the company.
Stakeholders can influence the company or business and can be influenced by the organizational
actions, policy, and objectives. These influences can be social, economic or political.
Organization always needs to think about their profit and social responsibilities when they take
any decisions. Corporate ethics mainly creates upon stakeholders’ theory so that organization can
fulfill their social responsibilities. Top managers should know how to balance social
responsibilities properly. Every single stakeholder can affect the company and related to
organizational development. So organization needs to think strategically to achieve their best
interest. We will describe everything about stakeholder theory in this report, but first we need to
give a brief summary. Stakeholder theory is a conceptual framework of business ethics and
organizational management which addresses moral and ethical values in the management of the
business. Organization exists based on their stakeholders. Stakeholder theory is important for the
success of organization. Because the sole responsibility of an organization is to those who has
interest in the organization and has significant effect on organizational activity. Stakeholder
theory says that business is behaving ethically when organization makes profit for their
stakeholders. Stakeholders can be investor, employee, suppliers, customer, society and a lot of
things. Though it’s sounds good that company should think about their shareholders to increase
their profit, but according to stakeholders theory stakeholders’ right is greater than shareholders
right. Though Shareholders are the owner of business but without Stakeholder they can’t do
anything. Stakeholder’s theory is about corporate social responsibilities. Stakeholders’ theory
offers a unique perspective on how organization should behave towards their shareholders,
suppliers, customer and anyone who has interest in the organization or business
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Stakeholder Theory

Stakeholder Theory should be a speculation of the board that define itself with troubles
associated with ethics. A theory developed by Edward Freeman in 1984 that, a stakeholder of an
organization is any group or individual who can affect or is affected by the achievement of the
organization’s objectives. More precise definition of this ‘affects’ and ‘affected by Evan and
Freeman in 1993 is given. One is Principle of corporate rights - the corporation has the
obligation not to violate the rights of others and another is Principle of corporate effect –
companies are responsible for the effects of their actions.

Who is a Stakeholder?

A stakeholder of an organization is any group or individual who is affect or is affected by

the achievement of the organization’s objectives. Milton Friedman said that, businesses should
only be run by the interests of their owners. But one the other hand, Freeman said that, others
(Stakeholder) have a legitimate claim on the corporation. He talked about 2 things. One is Legal
perspective that means ‘Stake’ in corporations already protected legally in some way through
legally binding contracts. Another is Economic perspective. It has 2 sections. One is
Externalities which means outside contractual relationships and another is Agency problem
which means short term interests of owners vs. long term interests of managers, employees,
customers.
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Six Principles of Stakeholder Theory

Freeman created public six principles that got to govern the link between the stakeholders
and the corporation.

 The Principle of Entry and Exit: This principal states that there must be
clear rules governing how one enters into a contract with a corporation and how one may
exit if they want to.

 The Principle of Governance: This principle addressed that how the

rules governing the relationship between stakeholders and the corporation can be changed
regularly.

 The Principle of Externalities: The concept of externalities is the topic of

economics. The idea is that there are certain costs imposed on a group which does not
directly benefit from the actions of the corporation.
 The Principle of Contract Cost: The nature of contracts involves costs
and this principle says that each party in a contract should bear the costs equally.

 Agency Principle: This principle is the most challenging for the

corporation.  A CEO or manager of the corporation acts as an agent of the corporation
and has responsibilities not only to the shareholders but also to every stakeholder as well.

 The Principle of Limited Immorality: The success of the corporation

and the welfare of the stakeholders depend on the corporation existing through a long
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time. That mean, the principle of limited immortality maintains that, the corporation
should be managed in such a way that it can continue its existence.

Importance of Stakeholders:

Stakeholders give the business a practical and financial support. Stakeholders are people
interested in the company, ranging from employees to a loyal customer and investor. They
creates a pool of people who care about the well-being of the company, making you less alone in
your entrepreneurial work. The relationship between a business and its stakeholders is symbiotic
and healthy. At its worst, this relationship creates a conflicting demands and interests and makes
decision-making stressful.

 Community: A successful relationship between a business and

stakeholders is built on working together towards the main objectives of a company.
Employees depend on your business for their livelihoods. And if company treat them
well, they'll be engaged as a team and go above beyond their job requirements. If the
business provides a service that improves the quality of the customers' lives, they're likely
to spreading the word about your offerings because they genuinely want the business to
do well. Investors have a financial portion in the company and they certainly want a
financial return but if the interest of business are aligned their relationship with the
business can go far beyond the desire to make money.

 Financial Benefit: A business with an engaged community of

stakeholders will create financial benefits from this relationship. Employees who care
about their work and see it as more than a job will give their best. Customers who believe
in your company will support you with their long-term business. Engaged stakeholder
investors will help you out with working capital and funds for expansion works.

 Successful Stakeholder Relationship: Successful relationships with

stakeholders are important for any company's success. However, it takes hard work to
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build this strong relation. Always need to treat employees well and pay them fairly so
they'll work towards the vision of the company. Cultivate proper relationship with
investors who are more interested in long-term relationship than short-term.

Corporate accountability and stakeholder theory:

Corporate accountability refers to weather a corporation is liable in some way for the
consequence of its action. Now days business organizations have started to believe to take on the
role of political actors. Firms are now interested to act as a political actor in the society. The
organizations are maintaining transparency with their stakeholders in any corporate decision or
activities so the stakeholders get benefitted and the relationship between stakeholders and the
corporation gets stronger.

Increasing power and influence of corporation is now creating a big chance for
corporation to act as a separate legal entity with individual rules and regulations. The
stakeholders are now more secured about their investments and their rights in the organization.

Stakeholder theory’s importance from the perspective of sustainability

of a business

Sustainability refers to the meeting needs of present without compromising the ability of
future generation. There are actually 3 pillars to consider on the context of sustainability. They
are,

 Environmental
 Social
 Economical
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These three pillars are very important while considering stakeholder theory. This is
because a sustainable business organization can give profitable long term feedback to its
stakeholders.

 The Pillar of Environmental: The environmental pillar is the most

important part where sustainability is strongly related to stakeholder theory. Maximum
organizations are focusing on how to reduce the carbon emission, reuse all the waste
materials, and reduce water pollution and their all effect on the environment. Companies
have found that taking these long term environment friendly steps will create a beneficial
effect on the planet and also positive financial influence businesses. The organization will
get long term profit that will maximize the benefit of the potential stakeholders.

 The Social Pillar: The social pillar is an important issue from the
perspective of sustainability. A sustainable business should give the proper support and
approval to its employees, creditors, shareholders and the other community who operates
in. The main approach is to act in the best interests of the environment and society as
whole. The main idea here besides earning Profit Company has to make sure the proper
contribution to the welfare of the society. Maintaining social responsibility helps to
maximize stakeholder values.

 The Economic Pillar: The economic pillar of sustainability refers to the

safeguard and sustains resources to create long term sustainable values by proper usage,
recycling, and recovery. It also explains the idea to support long term economic growth
without negatively impact the social environment and the community. Sustainable
economic growth is important for the long term existence of the company and to
maximize the profit for the potential and future stakeholders.
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Importance of Business Ethics

Business ethics works as a guiding principal for an organization and this set of ethical
standards guide the organization to make important decisions and to implement business
policies. Every organization has its own ethical philosophy that it uses to direct business to
enhance its reputation, profitability, productivity and overall to maintain the primary concern of
the business. Though a business is meant to make profits but it should follow its ethical
philosophy first and follow the moral standards, so that the stakeholders of the company get
benefitted. Doing business ethically is good for earning long term profits which will it create
trust among investors and customers and it will maximize the benefit of shareholders.

Following a proper business ethics guideline will create a very strategic and lucrative
return that results in competitive advantage and will increase profitability.

Influence of the Global perspective on the stakeholder theory-

Globalization may affect each of the stakeholders from the three aspects Cultural issues,
Legal issues, Accountability issues.

 In terms of global perspective various cultural views exist. The employee rights
and responsibilities are also distinct. Managers working with oversea employees should need to
understand and deal with different cultural basis of morality in different country. Although from
the concept of Relativism vs. Absolutism it has contradictory views. Absolutism emphasizes that
ethical principle should be practice everywhere and Relativism suggest that the view of ethics
should be always relative to the historical, social and cultural context.
 There are debates on the role of Multi National Company’s that they are
changing standards in different locations based on their business model and strategies. As
developing countries wants to attract foreign investment by giving them friendly environment,
countries sometimes compromise on this aspect. Which ultimately playing as a catalyst of
creating different standard.
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 Investors proceed on those locations where they have most preferable conditions
based on business model analysis. Which create very little regulation and social amenity for the
people who work there. From the environmental and social standards it leads to “race to the
bottom”.
 The race to the bottom is one kind of socio-economic phrase where government
reduces the rate of tax to attract and retain investor.
 While company’s recruits they face difficulties as there is a growing illegal
workers. Who precisely do not have residency and work permission. Growing mobility cause this
phenomenon. North and south regions are the main sufferer of this crisis. Example can be United
Arab Emirates.
 A great number of issues arise from this growing numbers of mobility in
workforce. Among them- drug addiction, Illegal residency, Criminal records, unskilled workers
take our attention.
 Labour coming from different areas and regions may have questionable
characteristic which leads to crisis in the work place. Likewise- using drug, involve in criminal
activity leads to unsafe working condition, low employee engagement, low employee
productivity. Which ultimately result in low profit margin.
 Emigrant often come from poor country where they do not get sufficient income
and so they are settle for any pay or any working condition they get, which not acceptable or
practice from the people from host country.
 They are mostly illegal citizens and when they get work permit it may later be
the basis for legal residency

Influence of the Corporate governance on stakeholder theory –

Corporate governance emphasizes on the system approach which directed controlled and

benefit the whole by the company itself. Basically the Boards of directors have the responsibility
for the governance of the company.

It is the interaction between diverse partners which shapes corporation’s performance and the way it is
proceeding.
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 From the ethical perspective Corporate Governance form the moral framework,

the ethical framework and the value framework based on the industry and company perspectives.
As it has significant impact on the company’s long term strategies and well-being.
 This philosophy has much importance and impact on the sustainable grow and
profitability of any business.
 An effective corporate governance make sure success and significant groth in economy.
 When there is a strong governance investors feel confidence to invest there, which raise
capital.
 Good corporate governance ensure lower capital cost by effective policies.
 In share price positive impact can be seen.
 When there lies effective corporate governance all the other costs are kept low
 It minimies discrimination,corruption,mismanagement.
 When the governance from the top stay in the right form and way the organization shapes
in a manner that fits best for the All the stakeholders

Why companies engage in CSR activities

Companies in different industries are engaging in CSR for different reasons. CSR
activities aims at explaining the concept of CSR and what other academics have put forward as
reasons for engagement, completed with relevant theory. CSR is corporate social responsibility.
It has mostly taken attention of the different types of businesses and different level of
stakeholders. CSR has been defined in multiple ways. CSR activities are mostly followed by the
private companies. In term of business, CSR is a company’s business and moral responsibility
towards the society, community and the interest of the stake holders.

CSR activities additionally include the participation on the act of skill and different social
programs. Corporate social duty is an oversize idea and it has taken different sort of structures
dependent on the various enterprises and organizations. Through this program of CSR exercises
favors the gathering, the organization and the general public. It builds up a solid bond between
the partners and company. The corporate want to engage in CSR activities, then it needs to bear
all the responsibility of it first. The more successful a company is the more it shows
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responsibility towards the environment showing its moral and ethical behavior. Many well-
known companies have engaged their employees in environmental leadership. Corporation rely
on the contribution of a wide set of stakeholders in society, not just shareholders.

Ways of performing CSR activities

Economic reasons: Many proponents of CSR announce the direct and indirect economic
benefits of engagement. the CSR proponents of the economic drivers point out that firms engage
in CSR since they perceive the engagement creating benefits that exceed the costs and
accordingly the business case interpret the same idea as the economic principle of profit growth.

Environmental efforts: Environment is the primary focus of corporate social

responsibility. Consciously or unconsciously corporates have a negative impact on the society so
the corporate take steps that would reduce the negative impact on the environment and have
positive impact on the society. This would be beneficial for both the company and the society.

Ethical labor practices: The companies should show their social responsibility by
treating their employee’s right and giving them good working condition.

Avoiding governmental regulate: Companies today are not, if they ever where, solely
regulated by government. To be a good corporate citizen, and to engage in CSR, becomes a
solution to an ongoing debate regarding the economic and political power of multinational
cooperation’s in the global economy.
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How to build a socially responsible business

By partaking is CSR sports corporations can collect massive modifications the sector like
diminishing need, inexperienced economic system by planting scrubs, helping creatures,
decreasing infection and empowering guidance. It increases open accept as true with via
retaining up straight forwardness with its clients and people.

Business Benefits of CSR

Business advantages of corporate social duty

Corporate social duty (CSR) has many points of interest that can apply to any business,
paying little heed to its size or segment.

1. Advantages of corporate social project for organizations

2. The potential advantages of CSR to organizations include:

3. Better brand acknowledgment

4. Positive business notoriety

5. Expanded deals and client faithfulness

6. Operational costs reserve funds

7. Better money related execution

8. More prominent capacity to pull in ability and hold staff

9. Authoritative development

10. Simpler access to capital

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Rights & Duties of Employees as Stakeholders of the firm

Partners are presently not the stockholders primarily. They can be workers too.
Governments of an organization have various obligations including the attempt of the firm. They
have to think for the organizations advantage. They are one of the chief partners of the worker.
They adapt to many exceptional job and commitments as partners.

The capacities they play in enterprises and their obligations are:

Achieve firm objective: The foremost duty of a laborer as a partner is produce the
objective. No recollect what job they are appreciating in a partnership they have to main focus
the objective.

Serve loyally: A specialist must serve consistently in an association. He ought to carry

out the responsibility what he is given to do. A laborer should put the change of the association
as a substitute than his.

Not to abuse individual data: The protection and unknown of the office should be inside
it. It is the organization obligation of the specialist as a partner to protect that unknown of the
organization.

Comply with the legal requests: It is the firm component of the representative to comply
with the valid requests, which are good and legal too. Workers are sure to satisfy this
responsibility as a partner of the organization.

Casting a ballot and basic leadership: Stakeholders might be responsible for deciding on
an important change in the business. Casting a vote can happen every year dependent on the
corporate structure of the business or during any gathering.

The board: Stakeholders can hold important administration positions where they may
report straightforwardly to the president, CEO or boss money related.

Employees play different function in an organization. All the roles they play as
stakeholder, they need to focus on the organizational goal.
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What are the individual influences on ethical decision making from

stakeholder’s perspective?

Individual influences on ethical decision making relate to individual who actually going
through the decision is making process. Individual factors can more readily account for why
some people are more controlled by others into unethical conduct because of the influences of
their colleagues to be unethical whilst others do not. Over the years, researchers have found
number of important individual influences, as we shall now see. The factors and they are likely
influence on ethical decision making.

Age and gender: Gender has been the individual influence on ethical decision making
in business most often subjected to investigation. However, overall the results have been less
than conclusive, with different studies offering contradictory results and often no difference
found at all.

National and cultural characteristics: When we meet people from different

countries and culture, either home or overseas, it doesn’t take long before we start to see certain
differences in what they perceive as ethical or unethical. People from different cultural
background are likely to have different beliefs about right and wrong.

Education and employment: The type of the quality of education received by

individuals might also be considered to be important individual influences on ethical decision
making. For example research shows business student not only rank lower in moral development
than student in the other subject like law, but are also more likely to engage in academic
cheating.

Personal values: Conventionally, personal value might be regarded as the moral

principal or accepted standard of a person. This makes sense superficially, but such a view does
not capture what is distinctive about values and sets them apart from principal or standards.

Personal integrity: Integrity is defines as an adherence to moral principles or values.

Integrity is typically seen as one of the most important characteristics of an ethical person. It is
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no surprise that, integrity has increasingly surfaced in relation to ethical decision making.
Although there are a variety of meanings applied to integrity.

Moral imagination: Finally, another individual factor which has been accorded
increasing in business ethics over the past few years in moral imagination. Moral imagination is
concerned less with weather one has or sticks to a set of moral values. This refers; moral
imagination is the creativity with which an individual is able to reflect about an ethical dilemma.

Suppliers as stakeholders in Bangladesh’s perspective:

Suppliers provide the raw materials or elements that are needed for a company to start a
production. Sometimes the suppliers provide all the necessary things. Besides, a company can’t
run without the raw materials what is needed to accomplish the production. So, here a supplier
plays a legitimate role. For that, the management of any certain company has to build a strong
relationship with suppliers for maintaining their development.

Competitors as stakeholders in Bangladesh’s perspective:

This is great to build relationship with other companies. You can make your competitors
as stakeholders in your company by regulating terms and condition, giving them various
fascinations. All the lot of regularly, neighborhood organizations is part of network assemblies of
business to share assets and data.

Consumers as Stakeholders

Consumers are basically the most important stakeholders for any organization, as without
them no company would be able to survive in the long run. Most of the organization mainly
focuses on the marketing perspective, so there are several ethical concerns regarding it.
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Since, all the discussion talks about the market as a whole, we actually deal with the areas
of marketing related to ethical problems.

Marketing management: the management deals with product policy, pricing,

communication and distribution.

 Product policy: ethical problems arise regarding product safety.

Consumers have the right to know whether the products are safe and fit for the purpose
that is intended to use. All reasonable steps are taken to ensure that their products are free
from defects and safe to use.
 Communication: misleading claims is an ethical problem for the
customers, as it creates false beliefs about the specific products. What the marketplace
should focus on is to inform customers about all the goods and services. However, they
must also focus on how to persuade the consumers to buy the specific goods and services.
Some objections regarding marketing communication are:

 Are intrusive and unavoidable

 Create artificial wants
 Reinforce consumerism and materialism
 Create insecurity and perpetual dissatisfaction
 Perpetuate social stereotypes

 Pricing: excess pricing is stated as an ethical problem for the customers as

it is not acceptable by them due to higher prices on particular product. They say that the
pricing is not fair. Consumers have the right to fair price, as it stands a key point for the
customers as stakeholders. There are mainly four types of problems where ethical
problems might arise:

 Excessive pricing
 Price fixing
 Predatory pricing
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 Deceptive pricing

 Distribution: gifts and bribes is also an ethical problem that the customers
think is against the policy. Retailers demanding slotting fees from the manufacturers to
stock the products.

Marketing Strategy: This becomes an ethical problem as the consumers are vulnerable.
Consumers may be vulnerable because they lack sufficient education or information. They are
easily confused or manipulated due to old age and senility. They are in exceptional physical or
emotional need. They lack the necessary income. Consumers are too young.

Marketing research: Privacy issues. Consumers have their own right to privacy. Ethical
problems such as all the personal information are available online. Genetic testing is required for
the insurance companies if someone is eligible for any kind of insurance.

In terms of doing business, a customer is happy when he or she is treated well. However,
that business is said to be best served. As a stakeholder, a consumer has the right to be respected.
Hence, we mainly focus on consumer rights.

Consumer rights talk about the fair treatment existing between the buyers and the sellers
in terms of exchanges. They rest upon the assumption that consumer dignity should be respected,
and that sellers have a duty to treat consumers as ends in them, and not only as means to the end
of the seller.

Consumers as stakeholders in Bangladesh perspective

Clients depend on the organization whenever they produce new goods and services.
They boost the organization with every item they create, and every organization decides to
identify what things and administrations should take place to increase the rate of sale to a
higher measure. Consumers tend to share their ideas and experiences with
the consumer administration division, so that they could make a change in market according
to their demands. Since consumers often gossip ethically with entrepreneurs in reality, these
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organizations have the possibility to develop a competitive market according to

their shoppers want or need. The customers tend to build a community that generates
revenue of the corporate through high sales and positive word of mouth.

Therefore, firms ought to symbolize customers collectively of the main stakeholders

in their various businesses. The reason to brief down the importance of consumers from the
company administration perspective, as earlier it had been recognized that the well
treatment of consumers will have a positive impact on the company as they will get profited
and it will be most possible from their existing customers. If the customers are happy with
the company, they will bring a lot of other customers along with them. If they fail to give
the desired service to the consumers, the other customers are simply going to switch
to different firms and also the revenue could even fall drastically. Then the company will be
in a deep trouble and it will be almost impossible to stand back up.

Conclusion

This report talks about the appropriate issues, which proves that stakeholder theory is
very important for every organization. This theory is one of the most important theories which
attempt to bring socially ethical practices in corporate world. According to our discussion, we
can say that firms or any other organization cannot operate efficiently, if they fulfill only
investor’s needs. They also need to look upon the stakeholders need to make sure that an ethical
and profitable organization arises. We already know that stakeholder theory is already used by
business, organization and the government. Standard business defines the balance between the
relationship of organization and its stakeholders. This theory is also a motivation to earn a huge
amount of profit. By applying this theory, an organization can get many loyal customers and
positive word of mouth from the community. Positive impression from the society can give an
organization a boost up in investment. As organization can be affected by the stakeholders, it is
necessary to keep the stakeholders happy because they can lead to the bright future of
organization. One of the best outcomes of the stakeholder’s theory is brand value. Company can
increase their brand value by applying this stakeholder’s theory. There are many criticisms about
the stakeholders’ theory. Some business can make more profit by skipping the stakeholder’s
theory. However, we explained in our report that this type of profit is for short term. Increasing
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profit and growing brand value for a long term, an organization should apply the stakeholder’s
theory. So we can say that the theory is important because it enables us to understand corporate
social responsibilities and how a business should actually regulate. Stakeholder’s benefits are
really important for an organization. As mentioned earlier, consumers are the main key to
success as they spread positive word of mouth among the community. We have explained why
stakeholder’s theory is a perfect solution of an organizational management system. According to
our explanation it is proven that stakeholder’s theory is needed for every organization as it is
beneficial in the long run and leads to profits.

References:

1. Stakeholder Theory. (n.d.). Retrieved from http://phi150.weebly.com/stakeholder-theory.html

2. Gartenstein, D. (2019, February 11). The Importance of Stakeholders. Retrieved from
https://bizfluent.com/info-8704286-importance-stakeholders.html
3. Crane, A., Matten, D., & Spence, L. J. (2014). Corporate social responsibility: readings
and cases in a global context. London: Routledge.
4. Gartenstein, D. (2019, February 11). The Importance of Stakeholders. Retrieved from
https://bizfluent.com/info-8704286-importance-stakeholders.html.
5. Gartenstein, D. (2019, February 11). The Importance of Stakeholders. Retrieved from
https://bizfluent.com/info-8704286-importance-stakeholders.html.
6. Gitman, L. J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J. C. (2018,
September 18). Retrieved from
https://opentextbc.ca/businessopenstax/chapter/responsibilities-to-stakeholders

Team Contribution

Name Assigned tasks Number of words

Nawar Sharmin Influence of the Global perspective on 600
the stakeholder theory, Influence of the
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Corporate governance on stakeholder

theory,

Naim Ul Huq Consumers as stakeholders 600

Sameeya Islam Consumers as stakeholders in 600
Bangladesh perspective, Conclusion

Lowhe Mahfuz Rafi Introduction,stakeholder theory, who is 1100

a stakeholder?, six principles of
stakeholder theory, importance of
stakeholders
Shakil Ahmed Why companies engage in CSR 900
activities, Ways of performing CSR
activities, How to build a socially
responsible business, Business Benefits
of CSR, Rights & Duties of Employees
as Stakeholders of the firm,

MD. Zakaria Zim What are the individual influences on 600

ethical decision making from
stakeholder’s perspective?, Suppliers as
stakeholders in Bangladesh’s
perspective, Competitors as
stakeholders in Bangladesh’s
perspective,

Anika Ashrafee Mahmud Corporate accountability and 600

stakeholder theory, Stakeholder theory’s
importance from the perspective of
sustainability of a business, Importance
of Business Ethics

Total Contribution: 5000 words