Business Ethics and Corporate Governance, Second Edition

INTRODUCTION

The phenomenal growth of modern corporations, especially those which have been immensely successful so as to span space to become multinationals, have brought about the kind and order of material wealth to the international community that was never imagined possible even a few years ago. Some of them produce goods and services for most parts of the world. Some of them make profits that are bigger than the gross domestic products of several countries put together. This kind of almost exponential growth would not have been possible, but for the evolution and growth of the organizational structure called public limited or joint stock companies. A joint stock company is a business unit that requires a large amount of capital. This is ...