How might a self-serving manager exploit social responsibility for his or her own personal gain

Read and critically review both articles from your assigned Reading for this Week. Jensen, M.C. (2010) ‘Value maximization, stakeholder theory, and the corporate objective function’. Journal of Applied Corporate Finance, 22 (1), pp. 32-42. Letza, S., Sun, X. & Kirkbride, J. (2004) ‘Shareholding versus stakeholding: a critical review of corporate governance’. Corporate Governance, 12 (3), pp. 242-262. Both Documents are attached To complete this Assignment in an approximately 1000-1,200 word response, address the following issues/questions: Use your review of the two assigned articles as support to prepare an integrated collaboration response that will address the following question: What do you believe is an appropriate objective for a manager in the Accounting and Finance fields? In responding to this question, you might want to consider some of the following: • What are the challenges that managers face in efforts to be ‘socially responsible’? • How might a self-serving manager exploit social responsibility for his or her own personal gain? • Do budgeting processes plus strategic management accounting tools encourage a shareholder- or stakeholder-centric focus? • What mechanisms might help to bind managers’ interests to those of shareholders’ or stakeholders’? • Does a positive NPV equate to a project that adds value to the typical stakeholder? Draw upon examples of existing experienced globally and as discussed in the articles.