THE POWER POINT TRANSCRIPT

RUNNING HEAD: POWER POINT TRANSCRIPT
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RUNNING HEAD: POWER POINT TRANSCRIPT
Slide 1
In the terms of theory, the stakeholders are considered to be those groups of people who are
etiher being affected or affects the operations of a business (Harrison, Freeman and Abreu 2015).
An organization has ethical responsibilities towards his stakeholders since they have influence
upon the business and at the same time they have interests upon the business. A dissatisfied
stakeholder brings sustainable problems for organizations. For the FNQ Timber company, the
stakeholders are the employees, workers, supply chains, shareholders, customers and the local
communities. The company is ethically responsible to all of them
Slide 2
According to the stakeholder theory as proposed by Freeman, the basic of organization is to
make economic profit but at the same time keeping in mind he legal and social aspect (Freeman
2015). The logging industry is generally criticized for deforestation and thus it require to have
some ethical responsibilities for its sustenance.
Slide 3:
Survey is the best policy for measuring the impact of the operations of the company on the
stakeholder. A survey will be able to reveal how much affected the local communities are and
how the company is looking forward to minimize the environmental hazards. Moreover, a survey
will also have a proven record which can be tallied with the rules and regulations of the area
(Denny, Silaigwana, Wassenaar, Bull and Parker 2015.).
Slide 4:
Australia has he Illegal logging prohibition act of 2012 that forbids the sourcing of timber from
any un ethical or prohibited source. With diligence to this, Queensland has made use of illegal