{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

8-Ethics_'09Jim revised - A number of rooms with consoles...

Info icon This preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
A number of rooms with consoles have been made available for groups who wish to practice their New Venture presentations The times and booking procedure are listed in a file called “Group Presentations: Practice Rooms Available” posted on the course website A case discussion guide for this week’s lab November 16-20 is posted on the course website in a file called “Liberty Oil” and “Chrysler and Gao Feng” Case: Preparation Guidelines 2009 Prepare for this week’s lab using these guidelines
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Are Corporations Democratic? Our diagram of corporate structure seems to suggest that corporations are structured in a very democratic fashion Shareholders elect representatives to sit on the corporation’s Board of Directors Directors oversee the activities of management on behalf of the shareholders
Image of page 2
This would suggest that it is the shareholders who control large public corporations via their elected representatives on the Board of Directors In reality, there are a number of things that may impede corporate democracy and lead one to the question “Who really controls large public corporations?” and “Are Corporations Really Democratic?” In order to answer the foregoing question we must examine the nature of the corporate voting process (see whiteboard notes)
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
You are responsible for all of the material pertaining to Corporate Voting discussed on the whiteboards for your final examination It does not appear in any of the readings So take good lectures notes…and ask questions if necessary…the whiteboard lecture is the only source for these materials Any questions on the final examination will be based on this discussion in lectures
Image of page 4
Business Ethics and the Social Responsibility of Business Textbook Chapter 3 Lab Manual pages 148-162 Final examination will have approximately 25 marks devoted to these two topics Some required questions and some choice I have provided you with several hints in the attached slides…pay attention to them when reading and studying
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Society’s Expectations of Business Largely uncontrollable and difficult to quantify (part of the Social Environment) expectations vary from one stakeholder group to another often the expectations of one group are in direct conflict with those of another but these expectations do exist it is perilous for business to ignore these expectations
Image of page 6
What Are These Expectations? Expectations of Society as a Whole: Business should behave in an ethical fashion Business should behave in a socially responsible fashion Expectations of Various Stakeholder Groups Each group provides business with something and as such, expects something from business in return
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
“Individuals or groups who depend on the company for realization of their personal goals and upon whom the company depends for the realization of its goals” L/M p159 “any group or individual who can affect, or is affected by the achievement of corporate purpose” relationship based on mutual dependency Business Stakeholders
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern