GMGT 1010 Lecture Notes - Lecture 46: Insider Trading, Environmental Quality

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

Insider trading: an unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends. Best social program in the world is a job. Businesses have a responsibility to create hobs if they want to grow. Hard work and talent must be fairly rewarded. One of business"s responsibilities to society is to create new wealth, which is disbursed to employees, suppliers shareholders and other stakeholders. Non-profit organizations play an important role in the distributing the funds they receive from donors, government and even their own investments in billions of shares in publically held companies. For companies to prosper, they need to provide customers with safe products. Need to develop long-term profitable relationships with their customers responsibility to environment: Businesses are often criticized for their role in destroying the environment. More efforts being made to reverse years of neglect to the environment.