Why do some business people question the need for a social licence?
What will be an ideal response?
They claim that the harms of development projects should be balanced with the creation of jobs,
generation of business activity, and encouragement of investment.
The rules, procedures and processes for obtaining a social licence are vague making it difficult to obtain. Besides, there is already in existence a regulatory system. The social licence is in addition to these formal requirements, meaning that not only government must be satisfied but also another stakeholder, that is, society.
The requirements for obtaining the social licence are too open-ended, undefined, and biased with
unaccountable tests. According to the critics, this should not be the basis for decision making and the stakeholders involved, in effect, have too much power.
There is an issue relating to how the feedback should be measured and evaluated for its significance.
Perfect consensus is doubtful, especially for controversial projects. Thus, two licences are necessary, the first from the regulatory agency or government, and a second one from society. Some business persons wonder if the public interest has been ignored in this complicated process.
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a. human relations b. recognition c. growth d. advancement
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A) bound by Bob's actual implied authority to buy a car. B) not bound because buying a car is outside the scope of the partnership business. C) bound by Bob's ostensible authority to buy a car. D) bound by Bob's apparent authority to buy a car.