April 2024
Beginner
760 pages
39h 4m
English
book
Fernando's Business Ethics and Corporate Governance, 3rd Edition
by K P Muraleedharan, E K Satheesh
Content preview from Fernando's Business Ethics and Corporate Governance, 3rd Edition
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88
Part 1
Business Ethics
mainly because it is not applicable in practice by corporations and also because there
is comparatively little empirical evidence to suggest a linkage between stakeholder
concept and corporate performance. The major problem with the theory stems from
the difculty of dening a genuine stakeholder.
• The social contract theory is a nascent and evolving normative theory of business
ethics
. It is based on the principles of ‘social contract’ wherein it is assumed that
there is an implicit agreement between the society and any created entity such as a
business unit, in which the society recognizes the existence of a condition ...
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