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What are the characteristics of personal and corporate stewardship?
Wiki User
∙ 7y ago
Personal stewardship involves managing one's own resources, such as time, money, and talents, responsibly and ethically. It involves making choices that reflect one's values and long-term goals.
Corporate stewardship involves organizations managing their resources and operations in a socially responsible manner, taking into consideration the impact on stakeholders, the environment, and society at large. It often involves a commitment to sustainability, transparency, and ethical business practices.
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What is corporate stewardship?
Corporate means "shared by members of a group"Good corporate stewardship is about the wise use and care for resources to benefit communities, businesses, countries, and the world. Businesses show corporate stewardship when they use their power in the community to improve the lives of other people. Some businesses do this through sponsoring community events, or by setting up a foundation to assist community projects.Many businesses have code of ethics to guide their employee's act, and to ensure that the business encourages high standards of behaviour.Corporate stewardship also involves responsibilities for the natural resources of the world.Companies are encouraged to improve their efficiency, examine the impact on their businesses on the environment, and reduce the amount of pollution and waste that they may cause.
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