Which one of the following statements best describes stewardship? The stewardship function requires directors of limited companies to:

Question

Quizplus · Accepted Answer

Stewardship is the responsible management and protection of something. Directors of limited companies have a stewardship role to manage and protect the company's resources on behalf of shareholders. Therefore, option B is the best description of stewardship. Option A is incorrect as stewardship is not about resisting wage demands, but rather managing company resources. Option C is also incorrect as providing management accounting information is a duty, not a definition of stewardship. Option D is incorrect as publishing management accounting information is a duty of transparency and accountability, not a definition of stewardship.

Which One of the Following Statements Best Describes Stewardship? the Stewardship