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Unformatted text preview: pyright 2013 ‘Global Corp.’ & Governance Investors (which ones?)
Global Social Responsibility
– environmental sustainability
– human rights Who sets the standards? Corporate governance regulators or ? Venue Shopping Copyright 2013
Copyright 2013 What about . . . Ben & Jerry’s The Body Shop PetroChemical Companies – Unknown carcinogenic effect of compounds
(Dow Agent Orange) (Big Pharma) Copyright 2013
Copyright 2013 Investor Responsibility There is an agency cost of a CEO
– ie. for social and charitable activities someone must represent the company
– ie. Warren Buffet will act as the shareholders direct(vote)
Copyright 2013 How do we evaluate Accountability? Return to Investors? Compliance with laws? Financial audits? Social Audits?
Copyright 2013 Accountability Does the corporate form undermine accountability?
Do we want CEOs and Board of Directors to be accountable as are partners and proprietors?
can we incent this?
can we depersonalize accountability? Copyright 2013
Copyright 2013 Philosophical Views Adam Smith Cynic or Realist? – “People of the same trade meet together but the conversation...
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This document was uploaded on 01/28/2014.
- Winter '14