The corporation

Genesis, identity, agency

Gordon G. Sollars

The term “corporation” has been used to designate any group of persons united for some purpose. Within the business ethics literature the term is sometimes used synonymously with the terms “company” or “firm” simply to denote an organization with a business purpose, with some authors explicitly highlighting ethical issues of such organizations without regard to their legal form (Hartman 1996). The modern business corporation1, however, is a legally recognized organization with a class of investors (shareholders) who typically elect a committee (board of directors) that provides the highest level of management oversight for the activities related to the corporation. Investors’ ...

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