Business Ethics and Corporate Social Responsibility
ICAN Business, Management and Finance

QUESTION 1 Adekunle & Sons Limited is a Lagos-based manufacturing company that produces plastic packaging materials. In recent years, the company has come under public scrutiny for allegedly dumping …

QUESTION 2 Nigerian National Petroleum Company Limited (NNPC Ltd) recently published its maiden Sustainability Report following its conversion from a government corporation to a limited liability com…

QUESTION 3 Mrs. Chidinma Okonkwo is a newly appointed Finance Manager at Zenith Agro-Allied Industries Plc, a publicly listed food processing company headquartered in Enugu. During her first month in…

Zenith Manufacturing Plc allocates ₦12,000,000 annually to CSR activities. Under the Companies Income Tax Act (CITA) as amended by the Finance Act 2021, what is the maximum amount of CSR donation to a…

The Nigerian Code of Corporate Governance 2018 issued by the FRCN recommends that the board of a publicly listed company should consist of a majority of which type of directors to safeguard ethical go…

A company's auditor discovers that management has deliberately understated an environmental liability of ₦25,000,000 in the financial statements to avoid negative publicity about a pollution incident.…

Under the Financial Reporting Council of Nigeria (FRCN) Act 2011, which body is primarily responsible for promoting and enforcing ethical standards in financial reporting for public interest entities …

Stakeholder theory, as advanced by R. Edward Freeman, argues that a corporation's primary ethical obligation is to:

Gamma Oil Services Limited, a Nigerian company, pays ₦6,000,000 as a facilitation payment to a government official to expedite a routine export permit. The company argues this is a 'facilitation payme…

Prestige Bank Plc reports a pre-tax profit of ₦2,400,000,000 for the financial year ended 31 December 2023. The board resolves to commit 1.5% of this profit to CSR initiatives as recommended by the Ce…

Under Section 394 of CAMA 2020, a public company is required to include a statement of corporate governance in its annual report. Which of the following is NOT a mandatory disclosure element under thi…

Adeola Enterprises Limited, a medium-sized company registered under CAMA 2020, discovers that its procurement manager has been accepting kickbacks from suppliers totalling ₦4,500,000 over two years. U…

Which of the following BEST describes the concept of the 'triple bottom line' as applied in Corporate Social Responsibility (CSR) reporting?