Chapter_4_Business_Ethics_Presentation-2.pptx

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1. Chapter 4: Society, the Environment, and Government Business Ethics – Special Stakeholders

2. Overview This chapter explores three critical stakeholders: society, the environment, and government.

3. Concept of Nemawashi A Japanese principle that promotes careful stakeholder alignment before decisions.

4. Corporate Law and Corporate Responsibility Introduction to Section 4.1 - Key legal and ethical structures.

5. Corporate Legal Structure Corporations offer limited liability, perpetual existence, and capital generation.

6. Limited Liability Explained Shareholders are not personally liable for corporate debts.

7. Shareholder Primacy The belief that maximizing shareholder value is the main corporate duty.

8. Dodge v. Ford (1919) Landmark case asserting duty to maximize shareholder profits.

9. CSR vs Profit Maximization Debate between corporate responsibility and shareholder profits.

10. Corporate Governance and Ethics Boards and management must balance ethical and legal responsibilities.

11. CSR and Financial Performance Evidence suggests CSR can enhance long-term financial success.

12. Sustainability: Business and the Environment Introduction to Section 4.2 - Environment and sustainability.

13. History of Environmentalism Movements influenced by works like 'Silent Spring'.

14. Earth Jurisprudence Legal philosophy granting nature certain rights.

15. Tragedy of the Commons Overuse of shared resources leads to depletion.

16. Business Case for Sustainability Environmentally conscious strategies benefit firms and society.

17. Case Study: Dell and Siemens Green logistics and tech recycling as CSR strategies.

18. McKinsey & Grant Thornton Reports CSR initiatives align with strong financial performance.

19. Cap and Trade System Market-based environmental regulation for emissions.

20. Ethical Question: Toxic Waste Dumping Examines unethical dumping in developing nations.

21. Keystone XL Pipeline Illustrates conflict between environmentalism and economic development.

22. Environmental and Public Health How business decisions impact human health.

23. Case Study: CVS Health Ended tobacco sales to align with health mission.

24. Government and the Private Sector Introduction to Section 4.3 - Regulation and business.

25. Government's Role Ensure corporate accountability through laws and incentives.

26. Sarbanes-Oxley Act Mandates financial transparency and auditor independence.

27. Federal vs State Regulation Tension between federal laws and state rights.

28. Revolving Door Ethics Concerns about public officials entering private industry.

29. States' Rights vs Federal Oversight Debates on regulating business across state lines.

30. Conclusion CSR, sustainability, and governance are crucial for ethical business.