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List of FM Ch 1
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Master key stakeholder objectives in financial management, covering the goals and priorities of shareholders, lenders, directors, employees, and customers.
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front Shareholder objectives | back Share price maximisation, dividend maximisation, earnings growth,
maintenance of control |
front Lenders Objectives | back Certainty of payment, security of capital, further loans |
front Directors Objectives | back Maximise remuneration, Security of tenure, maximisation of power and
influence |
front Employees Objectives | back Maximise remuneration, security of tenure, career development, training |
front Customers Objectives | back VFM, high quality, reliable service, innovation |
front Suppliers Objectives | back Certainty of payment, further business |
front Government Objectives | back Certainty of payment, further business |
front Community Objectves | back Environmental improvements, creation of wealth |
front Agency theory | back directors will always put the shareholders’ objectives first |
front The Agency Problem | back refers to the situation where the directors may be tempted to act in their own
best interests rather... |
front Impacts | back consider how the decisions or actions of an organisation either positively or negatively
affect envi... |
front Dependencies | back consider how current and future environmental, social and governance issues
can affect the organisat... |
front Double materiality | back Financial risks (Financial materiality)
Impacts on environment (Impact materiality) |
front Envionmental PI | back Pollutants and effluents released.
Percentage of waste recycled |
front Social PI | back Employee turnover
Number of notifiable accidents
Supply chain sustainability |
front Governance PI | back Diversity of the board
Bribery and corruption training for employees
Board member expertise |
front Challenges measuring, reporting and evaluating ESG | back Lack of comparability, Insufficient measurable outcomes,Lack of assurance, Greenwashing |
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