18. We take for granted that a primary objective and obligation of a corporation is to
maximize profits. But does this mean a corporation cannot also fulfill its obligations to
society? The speaker claims mat the two duties necessarily conflict. In my view,
however, a corporations duties to maximize shareholder wealth and to serve society
will at times coincide and at times-conflict; and when they do conflict, neither takes
automatic precedence over the other.
.Beyond the obvious duty to maximize shareholder wealth, corporations indeed
owe a duty to serve society, especially the immediate community, which permits
corporations to operate in exchange for an implicit promise that the corporations will do
no harm and will bring some benefit to the community. These duties can often be
fulfilled together. For example, a successful corporation brings jobs and related
economic benefit to the community. And, by contributing to community activities and
changes in other ways, the corporation gains a reputation for social responsibility that
often helps it become even more successful.
However, at times these duties do conflict. Consider, for instance, a company that
unknowingly leaks into the ground a toxic substance that threatens to contaminate local
groundwater. While the company may favor an inexpensive containment program,
community leaders may want the company to go further by cleaning up and restoring
their environment―even if the expense will force the company to leave and take jobs
from the community. Whatever the company decides, it should not assume that
protecting profits automatically outweighs social obligation. In many instances it does
not, as highly visible tobacco, automobile safety, and asbestos liability cases aptly
illustrate. Such examples reveal a limit as to how far a corporation can ethically go in
trading off the well being of the community for the sake of its own profits.
In sum, corporations have duties both to do well and to do good. Although
conflict between these duties is not inevitable, it does occur. Determining which duty
takes precedence in time of conflict requires careful consideration of all the ethical
ramifications of each alternative.
名车大观
巴以关系热门词汇
与黑白相关的词汇
第64届金球奖完全获奖名单
政府工作报告热词——住房篇
成双成对的英语短语-英语点津
常用法律术语注解
中国姓氏英文翻译
三十六计的英文表达方法
最高频的口语小词(1)
与“缘”有关的习语
个人简历词汇(I)
电影词汇全接触(二)-英语点津
两会热词——外交篇
“各式”kiss详解
Hotel词汇大全
与身体部位有关的习语
个人简历词汇(II)
结婚周年系列表达
与星期有关的习语
“了如指掌”v.s“一无所知”-英语点津
2007年“两会”词汇选登(1)
政府工作报告热词——物价篇
与“狗”有关的谚语
与love有关的词汇和谚语
春运词汇(通讯员稿)
与婚礼有关词汇-英语点津
政府工作报告热词——国防、台湾问题
政府工作报告热词——国企篇
第79届奥斯卡完全获奖名单
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