ADMS 3660 Chapter Notes - Chapter 2: Corporate Crime, Legal Personality, Iso 14000

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Business ethnics: the study of business situations, activities, and decisions where issues of right and wrong are addressed. Separate entities in their own rights, and regarded as having perpetual succession: they can survive the death of any individual investors, employees or customers. Legal status: it owns all the assets shareholders simply own a share in the company that entitles them to a dividend and some say in decision making process. Social issues and problems are the proper provinces of the state rather than corps managers: as they are not trained and democratically elected to do so. Conclusion: corps have some level of moral responsibility that is more than the responsibility of the individuals constituting the corporations. Why do corps have sr? (some argue that doing so is again for their. Business argument for csr for better brand reputation: more customers own interest) Ensure greater corporate independence from government create an improved and stable competitive context to do business.

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