Explain Why Shareholders Are Considered the Stakeholder Group with Ultimate

question 55

Essay

Explain why shareholders are considered the stakeholder group with ultimate authority over the use of a corporation's resources.

---

Definitions:

Segregation Of Duties

An internal control measure that splits responsibilities among multiple people to reduce the risk of error or fraud within an organization.

Physical Controls

Security measures implemented to protect tangible assets, including locks, security guards, and surveillance systems.

Human Resource Controls

Procedures and practices implemented in an organization to manage human resources efficiently, ensure compliance with regulations, and protect the assets of the company.

Indelible Ink

A type of ink that is permanent and cannot be removed or washed away, often used for marking important documents or election processes.