Observe social responsibility standards higher

Reference no: EM13283341

1. Many large corporations have not been sufficiently focused on maximizing profits for shareholders and granting bonuses to executives.

2. Corporations should not merely obey the law but rather should seek and observe social responsibility standards higher than the law since at times the law is silent or is not enforced.

3. Corporate profit-seeking at times involves unacceptable social costs.

4. Forces in a free market are at times inadequate to prevent many of the social costs stemming from corporate profit-seeking.

Reference no: EM13283341

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