SOSC 3040 Study Guide - Final Guide: Socially Responsible Investing, Stakeholder Theory, Activist Shareholder
16 May 2020
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Document Summary
Whereas, a normative stockholder aims to make money for the shareholders such as profits. A descriptive stakeholder theory manages a firms by taking into accounts of all the interest of stakeholders. Management goes beyond legal and contractual duties to other stakeholders. Why was it opposed by industry, and why was it criticized by some human rights advocates: bill c-300 is an act of respecting corporate accountability for the activities of mining, oil or gas in developing countries. Their main goal was to not harming the environment as well as protect and promote the human rights standard. Bill would create a political process and would be penal as a transfer of mining company to other jurisdictions. Furthermore, firms will hesitate to invest in a risky project. The cfp greater than csp link is stronger because it does not support business case as lawsuit damages the cfp.
