"King II" formally recognized the need to move the stakeholder model forward and to consider a triple bottom line instead of a single bottom line of profitability.

Question

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This statement is true. The King II report, released in South Africa in 2002, emphasized the importance of stakeholder management and the consideration of a triple bottom line that includes economic, social, and environmental factors in decision-making.

"King II" Formally Recognized the Need to Move the Stakeholder