ACC80005 FINANCIAL ACCOUNTING THEORY Take-home Assessment Semester 1

QUESTION 4 (10 Marks)

“If the economic case for operating sustainably was so clear cut, every company would already be doing it. When the payback isn’t immediate or obvious, it’s often hard for internal change agents to get a hearing.”. (Source: Balch, O (2018) ‘Stakeholder theory: helping business do good and do well’ Raconteur

https://www.raconteur.net/business-innovation/stakeholder-theory)

REQUIRED:
After reading the above extract use stakeholder theory to explain why a listed company might shift its focus from shareholders to stakeholders? (Maximum word limit: 500 words)                   (10 marks)