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The notion that corporate decision-making power rests exclusively in the board of directors is a fallacy. Shareholders are sufficiently equipped and positioned to influence corporate policy on an ongoing basis. Discuss.

Title: Please choose ONE of the following questions: 1. Exclusive focus on the protection of shareholder interest fails to afford adequate consideration to non-financial investments, which are crucial to long-term business success. Thus, stakeholders-oriented legal systems are better for society in the long term than their shareholder-oriented counterparts. Critically evaluate. OR 2. The notion that […]

Ethics and Governance-Corporate Social Responsibility

Read the following papers which offer different explanations as to why firms engage in corporate social responsibility (CSR): – Dimaggio, PJ & Powell, WW 1983, ‘The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields’ (Links to an external site.), American Sociological Review, Vol. 48, No. 2, pp. 147-160. – Freeman, ER 2008, […]

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