To ensure that corporations are held accountable for their actions corporations must educate, train and enable employees to act ethically, legally and with integrity in the performance of their duties. And also governments rules should be stronger so non unethical actions are made.
2. Should individuals (directors, employees, shareholders) bear any responsibility for the actions of a corporation?
The corporation also called the bad apple is today dominant institution that creates great wealth and causes enormous harms. Corporation’s bottom line is to make as much profit as possible without caring of the harms made to the environment or the community. In my opinion the stockholders and the directors are to blame for the actions of the corporation because they are the ones with the power to make decisions in the corporation and develop the structure and planning. The biggest mistake we make is comparing a corporation with a person but this can’t be because a corporation doesn’t think is the people in it that do think this why them are to blame for going to less develop countries and pay people $20 cents an hour. If a corporation was a person it would be consider a psychopath because of its incapacity to feel guilt and to conform to social norms. Finally The shareholders have noting with the actions of the made by the corporation because they are just the community receiving the bad effects the corporation is leaving.
3. What are the benefits of the corporate form? Could an alternative model offer these as well?
Some of The benefits of corporate form is that diversifies the financial responsibility in other words everything is decided by collective decision, it also permits accumulations of capital, it has corporate tax treatment what I mean by this is that it pays taxes apart from its owners, it has unlimited life it will continue existing even if the shareholder die. And a very important benefit is that it allows limited liability; the personal properties of the owners are not at risk for satisfying corporate debts. An alternative model that could offer the same benefits of a corporation are the “limited liability companies” that offers benefits for the owner but not as much as the corporate form.
4. Search for a foreign multinational corporation that has operations in Colombia. Research if they are run under Colombian rules or regulations or if they have special regulations?
An example of a multinational corporation in Colombia is “Carrefour” from France. Carrefour has certain rules like it should contribute to Colombia’s social development it should not violate the human rights and it has contribute to the environment instead of harming it. Also the government has some set of special prices in some products.
5. Should economic efficiency (Main argument for privatization) be the primary concern for commons and public services? Are there other criteria to determine who should own or operate them?
Economic efficiency should not be a primary concern for commons and public services since they are being destructed and example of this was the cow example shown in the video. Economic efficiency should be a concern but not the primary since global warming and health should be more important but I understand that we live in a globalize world where customers are looking for the lowest price and best quality products, corporations just have find other methods to implement economic affiance. There’s is not a criteria to determine who should own the commons but there is a lot of controversy surrounding who should own them one them being for example it is said That the government has few incentives to ensure that the enterprises they own are well run. A private owner, on the other side often specializes and gains great knowledge about a certain industrial sector and can evaluate and then manage enterprises much more efficiently. Only time will tell what will happen.
Archbar Mark, Abott Jennifer. 2003. The corporation. Rogers documentary fund (Canada) http://www.youtube.com/watch?v=xa3wyaEe9vE
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