Harness private interests to serve the public interest

Reference no: EM131707571

The new principles of corporate design outlined by Kelly and White are as followed:

1. The purpose of the corporation is to harness private interests to serve the public interest.

2. Corporations shall accrue fair returns for shareholders, but not at the expense of the legitimate interests of other stakeholders.

3. Corporations shall operate sustainably, meeting the needs of the present generation without compromising the ability of future generations to meet their needs.

4. Corporations shall distribute their wealth equitably among those who contribute to wealth creation.

5. Corporations shall be governed in a manner that is participatory, transparent, ethical, and accountable.

6. Corporations shall not infringe on the right of natural persons to govern themselves, nor infringe on other universal human rights.

Pick one of them and explain in depth and give examples. Which principle is the one that is most important to changing the way companies might do business in the future? Why?

Reference no: EM131707571

Questions Cloud

Should technology managers strategize technology projects : Should technology managers strategize technology projects? Is there a best method to select and prioritize projects?

Example of ethical dilemma in marketing : Research and analyze one example of an ethical dilemma in marketing being faced by an organization of your choosing.

Indirect competitive brands for promotional strategy : Profile direct and indirect competitive brands for promotional strategy. Contrast and compare promotional efforts.

Adding innovative new technologies to cars at rapid pace : For this forum, we are going to think in terms of vehicles. Car manufacturers are adding innovative new technologies to cars at a rapid pace.

Harness private interests to serve the public interest : The purpose of the corporation is to harness private interests to serve the public interest.

Suggest revised pricing and communications strategy : your own original suggestions for changes to the Canadian pricing policies for French’s ketchup and suggest a revised pricing and communications strategy.

Online recruitment to communicate recruiting objectives : What are the potential advantages and disadvantages of online recruitment to communicate recruiting objectives?

What is the average customer time in the system : What is the average customer time in the system?

What breaches of ethics occurred in this situation : What laws were broken and/or what breaches of ethics occurred in this situation? Who was responsible for this violation? What motivated them?

User Account

All Pages