Lecture 5

Question 1

Corporate governance

Answer 1

System by which firm is directed and controlled

Question 2

Typology of stakeholder engagement strategies

Answer 2

Minimalist stakeholder eng. strat. - Low substitionary & low complementary (do bare minimum)

Complementary st. eng. str. - Low substitionary & high complementary

Substitutionary - High substitutionary & low complementary

Encompassing - high substitutionary & high complementary (Exceed all expectations)

Question 3

Substitutionary & complimentary meaning (context: stakeholder engagement strategies)

Answer 3

Complimentary - how accurate are the skills to the job
Substitutionary - how rare are the skills and how replaceable