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thecorporation/index.cfm?page_id=314

http://www.thecorporation.com/index.cfm?page_id=314. Forms of Business Ownership. Sole Proprietorship Partnership Corporation. ‘Cha Na Da’. (Wishing ‘Double Happiness’ – often only written.). ‘Gong Suh’ Company / Corporation. Corporations.

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thecorporation/index.cfm?page_id=314

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  1. http://www.thecorporation.com/index.cfm?page_id=314

  2. Forms of Business Ownership • Sole Proprietorship • Partnership • Corporation

  3. ‘Cha Na Da’ (Wishing ‘Double Happiness’ – often only written.)

  4. ‘Gong Suh’ Company / Corporation

  5. Corporations • Corporations are a group of people authorized to act as a single entity (legally a person) and recognized as such in law.

  6. Every Corporation must have at least one shareholder. (How many pieces of ownership can the company be split into?) Coca Cola (KO) : 2.26 Billion Shares

  7. Benefits of Corporations • Raising Capital! • Perpetual Existence! • Tax Advantages • Ownership is easily transferable • Limited Liability!

  8. ‘The Corporation’ • The principle concern of any corporation is making a sustained profit for the people who own it. • The Corporation is recognized as ‘a person.’ But what kind of a person will it be if it is solely concerned with profit? • When there are environmental disasters, products that cause health problems, unethical & exploitive work practices – who is responsible?

  9. (We can replace the people running the company, but does that change that corporation’s primary purpose?) • Ultimately, our world will have corporations. We will need corporations. • HOW though, can corporations exist in the best interest of the world’s population? (Environmentally, Socially, Economically)

  10. … the rest of the film … • http://movies.netflix.com/WiPlayer?movieid=60034810&trkid=2026976&t=The+Corporation

  11. Where do we stand? • How can we ensure corporations are held accountable for their actions? • Should individuals (directors, employees, shareholders) bear any responsibility for the actions of a corporation? If so, to what degree? • What are the benefits of the corporate form? • Could an alternative model offer these as well?

  12. Global Business Ethics & Responsibility • Business Ethics is concerned with the behaviour of businesses, companies, and corporations in the treatment of: • employees • society • stockholders • consumers

  13. Ethics • Ethics determine policies for: • Environmental Issues • Social Responsibility • Human Rights

  14. Codes of Ethics (Codes of Conduct) • Companies may choose to express their principles and values (how their members should appropriately act) in a ‘code of ethics.’ • This is similar to how a populations principles and values are expressed in codified laws.

  15. http://images.apple.com/supplierresponsibility/pdf/Supplier_Code_of_Conduct_V3_1.pdfhttp://images.apple.com/supplierresponsibility/pdf/Supplier_Code_of_Conduct_V3_1.pdf

  16. Taking Action • http://www.thecorporation.com/index.cfm?page_id=19

  17. Stock Portfolio Profile • Portfolio Stock Charts • Code of Ethics

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