Companies are known as that their ultimate objective is to make profit, shareholders are the only party toward which the company has responsibilities and the ultimate objective of financial management is to maximize shareholder value. It s been gaining more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. The company must perform business operations by taking into account the social, environmental consequences; integrate the idea of sustainability...
Companies are known as that their ultimate objective is to make profit, shareholders are the only party toward which the company has responsibilities ...