WORKSHOP 3 Deegan Topics 8 and 9: Accounting for corporate social responsibilities
QUESTION 1: For each of the following theories, outline how we could use the theory to explain managements’ motivations concerning their operating and reporting strategies:
- (a) Legitimacy theory
- (b) Stakeholder theory (managerial branch)
- (c) Institutional theory
QUESTION 2: If you were undertaking a research project to investigate whether an adverse environmental event negatively affected the legitimacy of a company, how might you confirm an actual erosion of legitimacy has occurred?
QUESTION 3: Explain the limitations of our accounting system with respect to sustainability reporting.
QUESTION 4: Outline the Global Reporting Initiative and Integrated Reporting. If you were the CEO of a listed mining company, would you prefer to report under the Global Reporting Initiative or Integrated Reporting? Explain your reasoning using any theory from this course to date.