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Profit-with-purpose Concept Of Shareholder Primacy Versus Stakeholder Primacy 1 Credit

Profit-with-purpose Concept Of Shareholder Primacy Versus Stakeholder Primacy 1 Credit

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Dec 03, 2021 | 09:30 AM ET

Learning Objective

  • To present the concept of profit-with-purpose in promoting shared value creation for all stakeholders.
  • To examine four themes of corporate sustainability including: the focus on stakeholder aspect, the main objective function of creating shared value for all stakeholders, multidimensional, and time horizons.
  • To discuss management role in integrating sustainability performance and reporting into corporate culture, business environment, strategic decisions and corporate reporting.
  • To explore business sustainability performance, reporting and assurance.
  • To present implications of sustainability worldwide and particularly.

Course Overview

The main objective of business organizations has evolved from profit maximization to increasing shareholder wealth. In recent years, this objective has changed considering the recent developments in corporate governance and business sustainability to create shared value for all stakeholders. 

To effectively achieve this new objective, corporations are expanding their performance to both financial/quantitative economic performance (ESP) and non-financial/qualitative environmental, ethical, social, and governance (EESG) sustainability performance. Sustainability has become an economic and strategic imperative with the potential to create opportunities and risks for businesses. Companies are now adopting the corporate mission of profit with the purpose of creating shared value for all stakeholders by shifting their goals to create shareholder value while fulfilling their social, environmental, and governance responsibilities. 

Key topics:

  • Management’s role in integrating business sustainability into corporate culture, business environment, and strategic plans and decisions. 
  • Ways to promote shared value creation for all stakeholders.  
  • Creating the right balance between the wealth-maximization for shareholders and welfare maximization for all stakeholders
  • The global move toward the adoption of benefit corporations and profit-with-purpose companies 
  • Sustainability performance, reporting, and assurance 

In this CPE webinar join Dr. Zabihollah (Zabi) Rezaee, noted teacher, researcher, industry consultant, auditor, and author, as he offers guidance on understanding the requirements for and best practices of profit-with-purpose in the context of shareholder and stakeholder primacy.

Click to access more CPE/CE webinars on Trust and Financial Planning | Tax Resolution CE webinars | Sales and Use Tax CPE/CE Courses

  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
  • 1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
  • 1 CPE Credit of Finance for Certified Valuation Analyst (CVA)
  • 1 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
  • 1 PL Credit of Standards, Ethics, and Regulations (SER) for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Business Ethics for Chartered Financial Consultant (ChFC)
  • 1 CPE Credit of Finance for Certified Government Financial Manager (CGFM)
  • 1 CE Credit of Financial Planning and Analysis for Certified Treasury Professional (CTP)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CE Credit of Business Ethics for Retirement Income Certified Professional (RICP)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CE Credit of Business Ethics for Financial Services Certified Professional (FSCP)
  • 1 CE Credit of Business Ethics for Wealth Management Certified Professional (WMCP)
  • 1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
  • 1 CPE Credit of Finance for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CE Credit of Business Ethics for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
  • 1 PL Credit of Finance for CIPM
  • 1 CE Credit of Business Ethics for Chartered Special Needs Consultant (ChSNC)
  • 1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit for CPA in Canada
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPD Credit for Accredited in Business Valuation (ABV)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Financial Planning and Analysis for Certified Treasury Professional (CTP)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CPE Credit for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Zabihollah (Zabi) Rezaee. Dr. Rezaee is the Thompson-Hill Chair of Excellence, and Professor of Accountancy at the University of Memphis and served a two-year term on the Standing Advisory Group (SAG) of the Public Company Accounting Oversight Board (PCAOB). He received his BS degree from the Iranian Institute of Advanced Accounting, his MBA from Tarleton State University in Texas, and his PhD from the University of Mississippi. Dr. Rezaee holds ten certifications, including Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Government Financial Manager (CGFM), Certified Sarbanes-Oxley Professional (CSOXP), Certified Corporate Governance Professional (CGOVP), Certified Governance Risk Compliance Professional (CGRCP), Chartered Global Management Accountant (CGMA) and Certification in Risk Management Assurance (CRMA). He served as the 2012-2014 secretary of the Forensic & Investigative Accounting (FIA) Section of the American Accounting Association (AAA) and is currently the editor of the Journal of Forensic Accounting Research (JFAR) of the AAA.

Professor Rezaee has published over 250 articles in accounting and business journals and made more than 300 presentations. He has also published 12 books: Financial Institutions, Valuations, Mergers, and Acquisitions: The Fair Value Approach; Financial Statement Fraud: Prevention and Detection; U.S. Master Auditing Guide (3rd edition); Audit Committee Oversight Effectiveness Post-Sarbanes-Oxley Act; Corporate Governance Post-Sarbanes-Oxley: Regulations, Requirements, and Integrated Processes;  Corporate Governance and Business Ethics and Financial Services Firms: Governance, Regulations, Valuations, Mergers and Acquisitions; and has contributed to several other books. Several of these books are translated into other languages including Chinese, South Korean, Spanish, and Iranian.  His book entitled Corporate Sustainability: Integrating Performance and Reporting, published in November 2012, won the 2013 Axiom Gold Award in the category of Business Ethics. Another book, Business Sustainability: Performance, Compliance, Accountability, and Integrated Reporting, was published by Greenleaf Publishing in October 2015. His most recent books are Business Sustainability, Corporate Governance, Organizational Ethics (Textbook).  John Wiley, &Sons, October 2019, Forensic Accounting and Financial Statement Fraud, Business Expert Press, April 2019, Business Sustainability in Asia: Compliance, Performance, and Integrated Reporting and Assurance, John Wiley, March 2019, Corporate Governance in the Aftermath of the Global Financial Crisis, in four volumes, published by Business Expert Press in March 2018, and  Audit Committee Formation in the Aftermath of the 2007–2009 Global Financial Crisis, in three volumes published by Business Expert Press in July 2016.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.1

Excellent

Very Good

Average

Poor

Terrible

CM

Craig Mauermann, ChFC

The material was good. The professor's accent was a bit strong.

MB

Michael Blankenbecler, CPA (US)

Informative but difficult to follow presenter.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

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    Credit Tracker

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  • Certificate Vault
    Certificate Vault

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