Under the social responsibility philosophy, which of the following best describes what the government's role in corporate governance should be?

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Under the social responsibility philosophy, the government's role in corporate governance should be to balance protection and accountability for corporate power and decisions. This means that the government should implement policies and regulations to ensure that corporations are held accountable for their actions while also protecting their rights to operate and make decisions. A hands-off approach (Option C) would not be appropriate, as it would allow companies to act without any accountability. Waiting until after a crisis to intervene (Option D) is reactive and does not prevent such crises from happening in the first place. Dictating how businesses run their corporate governance systems (Option A) is too intrusive and goes against the principles of the social responsibility philosophy. The government also has some influence on corporate governance and the overall success of corporations (Option E), through policies such as taxation, labor laws, and environmental regulations. However, it is best for the government to strike a balance between protection and accountability, as described in Option B.

Under the Social Responsibility Philosophy, Which of the Following Best