A wealthy CEO said that it is unfair to place CSR responsibilities on companies because the government should be accountable for attending to these issues - NSC Accounting - Question 4 - 2022 - Paper 1

In response to the CEO's statement, I would argue that:

1. Community Dependency: The success of companies relies heavily on the community in which they operate. It is not solely the government's responsibility; businesses thrive when they contribute to their community, ensuring prosperity for both parties. A company’s wellbeing is linked to the health and success of the community.

2. Government Collaboration: Companies should not act independently; they must collaborate with the government to address social issues. By working together, they can strategize and pool resources to uplift communities effectively. This approach sets a precedent and demonstrates corporate responsibility.