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Lecture 9

GMGT 1010 Lecture 9: class 10 notes

3 Pages

General Management
Course Code
GMGT 1010
Farhan Islam

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The corporate power debate class 10 What has led to the expansion of large corporations in society A number of factors contributed to the rapid expansion of corporations in society Limited liability Corporate personhood The corporate power debate What are the implications that corporations have on democracy? Several critics have suggested that the power of corporations poses threats to democracy Business involvement in politics Corporate Lobbying Globalization and the reduced role of government Business involvement in politics The financing of political parties Publically expressed support for a candidate of party Publically expressed views on political issues Executives running for public office Managements position on employee participation Political action committees (PACs) and super pacs An organization that pools campaign contributions from members and donates those funds to campaign for or against candidates, ballot initiatives, or legislation Can take funds from Corporations Unions Individuals Super PACs are PACs, but are unlimited in the amount of donations they can collect Discussion Do corporations play too big of a role in deciding which political parties get elected? Is this problem just in the United States? Has Canada avoided it? Does the rise of Donald Trump and Bernie Sanders, who publically denounce taking money from corporations, suggest that corporate influence in politics is overstated? Business Lobbying All attempts to influence directly or indirectly any government activities, and includes any attempt to influence legislators, their staff members, public administrators, and members of regulatory agencies The act of lobbying government can be defined as including attempts to influence: The making or amending of legislation or regulations The making or changing of government policies or programs Government decisions in the awarding of grants, contracts, contributions, etc. Government appointment to boards, commissions, and any other public office
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