SOCB58H3 Study Guide - Midterm Guide: Dow Chemical Company, Peanut Allergy, Grameen Bank
Document Summary
Social ends; refers to taking care of the ppl who have less power. Who holds more power, in this case corporations. Because they have so much power they are able to affect government; through lobbying. Canada is at the forefront of gm foods. ex. Peanuts were modified with monkey protein in order to have it have longer shelf life. Right to buy other corporations, right to buy/own assets, to sue and be sued. There is a problem of shareholders vs stakeholder. Shareholder: is anyone who owns a piece of the corporation. They are interested in seeing their investment/profits grow. Most shares are not owned by the average citizen, 60% of the shares maybe owned by huge entities. Who ever has the biggest shares gets the most say. The executives tend to own the most shares. Stakeholder: anyone other than the share-owner affected by the decisions of the business. ex.
