LAW 533 Study Guide - Midterm Guide: Goldcorp, Isomorphism, Inductance

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Chapter 1 (essentially why a corporation may or may not want to support csr) Information inductance: **no requirement to actually change behaviour. Isomorphism: iso meaning same, morph meaning shape, we tend to always looking over our shoulders and line ourselves up with what everyone else is doing. So if companies are required to report on things, they will see what other companies are doing and align themselves with what the other companies are doing. Softer way of getting to the same conclusion of information inductance, less intrusive. The for profit organization has evolved, how today corporate governance can either support or resist the idea of companies being socially responsible. We can have laws that facilitate csr, restrict and prescribe csr. The best interests of the corporation has been defined by the law by not simply just the shareholders" interests. It is completely acceptable to consider the interests of other stakeholders (bce decision).