The Corporate Governance Role of the Media Alexander Dyck* Harvard Business School And Luigi Zingales University of Chicago May 2002 Abstract Do media play any role in corporate governance? In this paper we argue that media pressure corporate managers and directors to behave in ways that are “socially acceptable”. Sometimes this coincides with shareholders’ value maximization, others not. We provide both anecdotal and systematic evidence that media affect companies’ policy toward the environment
Words: 14215 - Pages: 57
A Primer on Sarbanes-Oxley The Sarbanes-Oxley Act was declared a law in 2002 (Orin, 2008). The primary purpose of this new law was to convey meaning to restoring faith in corporate America’s financial endeavors (Orin, 2008). The Sarbanes-Oxley Act was meant to aid and protect investors, who suffered extreme losses because of corporations having poor financial performances, which was the case before the law was enacted (Orin, 2008). Distinctively, the Sarbanes-Oxley Act was meant to concentrate
Words: 1952 - Pages: 8
outside the scope of what a compounding pharmacy is authorized to do. Unfortunately all business practices began to push the limits, ethics were questioned, and in the end resulted in over 200 cardiac related deaths to this drug AD23. This is basically the rise and fall of PharmaCARE and how a corporation’s greed killed the hopes and dreams of many who hoped for AD23 to be a sign from god. Ethics and Corporate Responsibility in the Work Place and the World provides insight on who the stakeholders
Words: 1349 - Pages: 6
transaction of goods and services at the individual, corporate, and international level of exchange. PRIMARY ETHICAL CONSTRUCTS 1.The Question of Generality: Can the rules of right conduct that apply to individuals be generalized to collective entities, such as corporations? 2. The Question of Responsibility: Can a corporation have moral responsibility? If so, how is responsibility to be diffused and distributed throughout the corporate hierarchical structure? 3. The Question of Liability:
Words: 5774 - Pages: 24
United States federal law enacted on July 30, 2002 in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. This paper discusses the effects of Sarbanes-Oxley (SOX) Act on corporate information security governance practices. The resultant regulatory intervention forces a company to revisit its internal control structures and asses the nature and scope of its compliance with the law. This paper reviews
Words: 3348 - Pages: 14
The purpose of this research paper is to investigate whether Corporate Social Responsibility (CSR) is becoming a common standard in the Caribbean corporate financial community and the associated benefits as it relates to the business strategy and financial performance. Historically, corporations were expected to serve some public purpose as justification for the benefits and privileges they receive. However, since the 1970s, the view has become widespread that corporations exist solely to maximize
Words: 1213 - Pages: 5
Duties of Corporate People Duties of Corporate People Corporations are businesses that are seen as separate entities from their owners. Corporations have shareholders which can be privately or publicly held. To create a corporation where stockholders interest is looked after, a corporate hierarchy is established. This hierarchy is divided up into groups between ownership and management. Each group has a set of responsibilities and duties that must be carried out as part of the corporate process
Words: 773 - Pages: 4
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. In some models, a firm's implementation of CSR goes beyond compliance and engages in "actions
Words: 424 - Pages: 2
Introduction The purpose of this report is for the writer to reflect on a business ethic decision that a company undertakes and the impact that the decision has on its stakeholders and what effect the business decision has on the reputation of the business. The writer will also recommend a solution to the problem and discuss the future of such a decision. Uber is a high-tech, online transportation company with headquarters in San Francisco. It brilliantly connects the transportation industry
Words: 1573 - Pages: 7
In the Salomon v Salomon & Co Ltd (1897), Mr. Aron Salomon, he is an operator to make the boots and shoes. His son wants to be his business partner, so Mr. Salomon business into a limited company. Then according to the company law, set up a company to be at least 7 shareholders holding at further 1 share each. So, Mr. Salomon gave himself a shares, also gave him a share of his wife and five children. Mr. Salomon company 20007 shares, but he holds 20001 shares, and his family members each have
Words: 1005 - Pages: 5
