In the spirit of the Parable of the Talents, stewardship is not about risk avoidance, but how best to maintain and, where possible, add value to that with which one is entrusted. In a business context, this view is captured by two notions, corporate âsocial responsibilityâ and âgovernanceâ. âStewardshipâ has a wide range of meanings that are very much context -dependent. However, no matter what the context, all notions of stewardship reflect John Wesleyâs view of âthe good stewardâ as one who exercises responsible and dutiful management of something entrusted to oneâs care, whether it is a company or the state of the world, with a view to maintaining and/or enhancing its value for future stakeholders, be they shareholders or generations yet to be born. In a corporate context, stewardship is the process through which directors, managers, shareholders and/or others seek to influence organisations in the direction of long-term, sustainable performance that derives from contributing to human, environmental and social well-being. âCorporate social responsibilityâ is in some ways the secular articulation of the âoutward-lookingâ perspective of stewardship. âGovernanceâ refers to the procedures and practices associated with decision-making, performance and control, which provide structures and satisfy expectations of accountability and compliance in organisations. It is, so to speak, the âinward-lookingâ perspective of stewardship. While mindful of the external legal, socio-political and ecological environment in which an organisation operates, the perspective taken in this unit is that an organisationâs governance function is essentially introspective and focused on the proper management of the organisation in the pursuit of shareholder value and/or stakeholder interests. In other words, governance is as much a matter of risk minimisation as it is a process for ensuring probity. The unit discusses governance and corporate social responsibility through the lens of stewardship, understood as a willingness to be held accountable for the well-being and enhancement of the interests of others.