Writing 5 Pages About Shareholder theory and stakeholder theory present very distinct ideas about the social role of companies

Please start with the thesis with no introduction and show which side you agree with .Please try to ONLY USE the SOURCES that I have attached.Please READ THE ATTACHMENT SO CAREFULLY PHIL 225: Business EthicsPaper Assignment 2Shareholder theory and stakeholder theory present very distinct ideas about the social role of companies. On the one hand, Milton Friedman writes,…there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud. (183)According to a competing view, companies should have a broader notion of their responsibilities to include consideration of the triple bottom line (people, planet, and prosperity).Prompt:Develop a position paper that considers the duties of companies to: • shareholders• employees• the environment• the communities in which companies operate Guidelines:approx. 5 pages12 point font, double-spacedcomplete bibliography and in-text citations, Chicago style final draft due May 9Grading criteria:Clear thesis (10 points)Quality of content (50 points)Logical organization of ideas (20 points) Correct grammar, spelling, diction (10 points) Correct documentation of sources (10 points)