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Published byWarren Peters Modified over 9 years ago
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Learning Objectives To know what stakeholders are and their roles in the affairs of a corporation. To know the issues, problems, and possible remedies to corporate governance issues. To know the purposes of business ethics.
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Stakeholders and Corporate Performance Stakeholder impact analysis The unique role of stockholders Profit, growth, and stakeholder claims
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Agency Theory Principal-agent relationships The agency problem
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Governance Mechanisms The board of directors Stock-based compensation Financial statements & auditors The takeover constraint Governance mechanisms inside a company
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Ethics and Strategy Ethical issues in strategy Self-dealing Information manipulation Anticompetitive behavior Opportunistic exploitation Substandard working conditions Environmental problems Corruption The roots of unethical behavior
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Ethics and Strategy (cont) Behaving Ethically Hiring and promotion Organizational culture and leadership Decision-making processes Ethics officers Strong corporate governance Codes of ethics Ethics officers
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