8-Ethics_'09Jim revised

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

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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
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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
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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)
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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
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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
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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
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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
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“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
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This note was uploaded on 02/21/2010 for the course BUS 111 taught by Professor Jimmccutcheon during the Fall '09 term at Wilfred Laurier University .

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

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