Critically discuss this statement focusing on the debate between the shareholder and stakeholder models of corporate governance in relation to the strategic purpose of organisations.

1. a) Porter and Kramer (2006) argue that “the prevailing

approaches to CSR are so disconnected from business as to

obscure many of the opportunities for companies to benefit

society”. Critically discuss this statement focusing on the debate

between the shareholder and stakeholder models of corporate

governance in relation to the strategic purpose of organisations.

1. b) Using examples and support from wider reading, critically

discuss the challenges for global companies of both maintaining

legitimacy and ensuring financial performance through their CSR

activities.