business is responsible for providing accurate and up-to-date financial position of company this responsibility is toward
Answers
Answered by
3
Answer:
business is responsible for providing accurate and up-to-date financial positions of company this responsibility is towards his employees and managers .
hope this may help you.
Answered by
0
It is the responsibility of business towards the shareholders.
- Shareholders must be given accurate information of the firm to be able to assess the company's genuine and fair status and make decisions regarding future investments.
- The firm must provide a reasonable return on their investment. If they do not receive a proper dividend, they will be hesitant to invest more money in the company.
- The Companies Act of 2013 also mandates that firms must provide complete information in their financial position as well as public announcements.
- For a healthy corporate growth, shareholders should be kept fully informed about the company's operations.
- At the same time, shareholders must provide the firm their full support and cooperation in order to safeguard their own interests.
Similar questions