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 chemical waste into the Lagos Lagoon, underpaying factory workers below the national minimum wage, and misrepresenting the environmental impact of its products in its annual report. The Managing Director, Chief Bola Adekunle, has argued that the company's primary responsibility is to maximise profit for shareholders and that corporate social responsibility (CSR) is an unnecessary cost that erodes shareholder value. Required: (a) Explain FIVE ethical issues evident in the conduct of Adekunle & Sons Limited, citing the relevant ethical principles that have been violated. (10 marks) (b) Critically evaluate Chief Bola Adekunle's assertion that a company's primary responsibility is profit maximisation and that CSR is an unnecessary cost, using relevant theoretical frameworks. (10 marks) (c) Recommend FIVE specific CSR initiatives that Adekunle & Sons Limited should adopt to address its stakeholders' concerns and improve its corporate reputation. (5 marks) (Total: 25 marks)