A large multinational company has recently discovered a misreporting of earnings dated back in the...
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- A large multinational company has recently discovered a misreporting of earnings dated back in the past 13 years. One of the former top executive has indicated that she was aware of the companys deliberate misreporting supported by the majority of board of directors. During the same period, this company has made significant amount of donations to charities and non-profit organizations. After the announcement of misreporting, the companys stock price dropped significantly. However, public opinions who received significant donations from the company still believe that the company did not conduct any wrongdoing. Please discuss this issue from both corporate governance and corporate social responsibility perspectives and provide a solution for this issue. (5 points).
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