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Unformatted text preview: Sarah Anderson Business Ethics Written Assignment Unit 10 David Smith Prepare and submit answers to the following questions: Questions, Projects and Exercises: (Page 448): Questions 3 and 4 3.) Scholars have made strong arguments for required representation on boards by stakeholders beyond stockholders such as employees, community members, and others, depending on the industry. What might be some of the benefits and costs of such a process? Requiring representation by stakeholders is important because reputation of trust within a business is one of the most important things that customers look for when it comes to where their money is going, and who is handling it. The benefits of having and providing required representation would ensure that they can be trusted more than those who do not have it, also more customers are likely to do business with you because they feel that you know what you are doing, and you will have ethical practices. They put their money in your hands, so that trust is a very important element factor in business within these...
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This document was uploaded on 04/12/2011.
- Spring '09
- Business Ethics