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Business Ethics and Corporate Governance, Second Edition
book

Business Ethics and Corporate Governance, Second Edition

by A. C. Fernando
March 2012
Beginner
623 pages
35h 9m
English
Pearson India
Content preview from Business Ethics and Corporate Governance, Second Edition
CORPORATIONS DO NOT POSSESS THE POWER OF COERCION

Ethically, a corporation’s ‘power’ is irrelevant. Unlike governments, a corporation does not enjoy the power of coercion. The idea of a private government is oxymoronic. Only the State can force people to do things through its political, military, and police power. When a business offers a quid pro quo to its potential customers, employees, and others, it simply adds to their existing set of options—this in no way constitutes an exercise of power. Therefore, only governments should be constitutionally limited by legal restraints imposed on power holders to keep power from being abused.

What about the possibility of the abuse of power by individual managers over employees within a corporation? ...

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Publisher Resources

ISBN: 9789332511255