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Corporate Responsibility by Dr. William J. Frey

Jeopardy. Corporate Responsibility by Dr. William J. Frey. CR Vocabulary. History of the Corporation. CIDS. Pirate INC. 100. 100. 100. 100. 200. 200. 200. 200. 300. 300. 300. 300. 400. 400. 400. 400. 500. 500. 500. 500. Row 1, Col 1. What is Ultra Vires ?.

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Corporate Responsibility by Dr. William J. Frey

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  1. Jeopardy Corporate Responsibility by Dr. William J. Frey

  2. CR Vocabulary History of the Corporation CIDS Pirate INC. 100 100 100 100 200 200 200 200 300 300 300 300 400 400 400 400 500 500 500 500

  3. Row 1, Col 1 What is Ultra Vires? Literally “beyond the power”. If a corporate charter designates an activity using this term, then this activity is outside the scope of the legitimate powers of the corporation.

  4. 1,2 To whom would the monastery pass when the abbot dies? The emergence of the corporation as a “passive device” to hold property solved this historical problem.

  5. 1,3 What provides insights into the corporate goals in the corporation’s in internal decision-making structure? Corporate Charter (formal and informal), Mission Statement, and Core Values

  6. 1,4 What are the Articles of Agreement? Pirates sign this document before embarking on their voyage of plunder and looting. It serves as their charter.

  7. 2,1 What are Joint Stock Companies? These proto corporations were formed to pool capital and coordinate complex business activities. Investors provided money and managers oversaw day-to-day operations. These proto corporations failed because of unlimited liability

  8. 2,2 What are trade guilds? These proto corporations regulated the exercise of a craft or skill. They re- stricted who could practice the skill and set standards to which the public could hold them accountable in the ex- ercise of the craft or skill.

  9. 2,3 What are decision recognition rules? These help us classify actions per- formed by individuals as performing certain corporate functions

  10. 2,4 What is an example of a Pirate Corporation Decision Recognition Rule? • Every Man has a Vote in the • in the Affairs of Moment; has • equal Title to the fresh Provisions, • or strong Liquors, at any Time • seized, and may use them at • Pleasure, unless a Scarcity make • it necessary, for the Good of all, to • vote a Retrenchment.”

  11. 3,1 What is the corporate charter? Originally this device was used to control the corporation by limiting the scope of its legitimate activities. If an activity was not included in the charter it was called ultra vires or beyond the power of the corporation.

  12. 3,2 What are Joint Stock Companies? These proto corporations success- fully pooled capital and coor- dinated activity but suffered from the problem of unlimited liability.

  13. 3,3 What are Corporate Roles? Stations that human individuals take up within a corporation that come with tasks and duties attached.

  14. 3,4 What are the roles that are found in the Pirate Corporation? Directors (Voting Crew who elect a captain and quartermaster) Managers: Captain and Quartermaster (oversee daily operations) Surgeon, Carpenter, Caulker, Armorer (Professional Staff Personnel) Line Employees (Deck Swabbers and Draftees)

  15. 4,1 What is corporate legal and moral responsibility? • Holding corporations legally and • morally accountable for actions • performed in their name. Creates • philosophical problems concerning • the meaning of “personhood” and • “agency.”

  16. 4,2 What is the corporate charter? • Corporations began to shield • investors from liability beyond • investment. They were initially • controlled by these devices but • competition between states • led to its weakening.

  17. 4,3 What is the Organizational Flow Chart? This structure spells out how different corporate roles are related to and coordinated with one another.

  18. 4,4 What is the Organizational Flow Chart of the Pirate Corporation?

  19. 5,1 What is the Principle of Responsive Adjustment? Moral agents have an obligation to adjust their actions and habits to respond to lessons learned from the past.

  20. 5,2 What are legal persons? In the 20th Century, corporations become this.

  21. 5,3 What is the Corporation Internal Decision Structure (or CIDS)? This device allows (or licenses) the redescription of the actions and decisions of human individuals as corporate actions and decisions.

  22. 5,4 What is elect by democratic vote the Captain and Quartermaster? When the crew of the Pirate Corporation do this they become elevated into Corporate Directors

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