BAC 4- Good Governance and Social Responsibility

____________ An attribute of the corporation which means that, a corporation continue to exist even in death, incapacity, or insolvency of any stockholder or member.

_________ Refers to the party given the authority to implement the policies determined by the board in directing the course of business activities

_________ According to Ambrose Bierce, It is an ingenious way of obtaining profit without individual responsibility

________ Stakeholder who invested their capital in the corporation

________ Who said that social responsibility of the corporation is to increase profit?

______ They are natural or artificial persons considered as the owners of the corporation

________ The collegial body that exercises the corporate powers of all corporation under the corporation code

_________ This refers to the system whereby shareholders, creditors, and other stakeholders of a corporation ensure that management enhances the value of the corporation as it competes in an increasingly global marketplace.

_________ The openness of information that is due to be made known by the stakeholders

________ Recognition or assumption of responsibility for decisions, actions, policies, the administration, governance and implementation of programs and plans