Business Law, Public Responsibility, and Ethics Commons^™

Complementary And Alternative Medicine: Opportunities And Challenges, William Marty Martin, Hugh Long

William Marty Martin

Health care finance is complex in all sectors of the health care industry. This article highlights both the challenges and opportunities of financing and reimbursing care with a focus on CAM providers and CAM provider organizations.

News And Corporate Governance: What Dow Jones And Reuters Teach Us About Stewardship, Donald Nordberg

Donald Nordberg

This paper in an early draft of an article that appeared in Journalism: Theory, Practice and Criticism in 2007. The outcomes of near simultaneous bids for the news organizations Reuters Group plc and Dow Jones & Co. Inc. in 2007 hinged on mechanisms of corporate governance put in place at each company to protect the integrity and independence of the editorial operations. Neither company is a particularly model of good governance, since the restrictions – super-voting shares at DJ, veto-power by the trustees of the Founders Share Company at Reuters – almost completely rule out an open market for corporate …

Ethical Codes And Practices In Higher Education (Professional Development Workshop), Susan R. Madsen, James H. Davis

Susan R. Madsen

This ethics event is a three-part workshop that will provide faculty, administrators, and doctoral students the forum to discuss current issues and challenges related to ethical codes and practices within the higher educational arena.

Exploring The Global Reporting Initiative Guidelines As A Model For Triple Bottom-Line Reporting, Laura Hartman, Mollie Painter-Morland

Laura Hartman

The paper is aimed at analyzing the contribution that the Global Reporting Initiative (GRI) makes to the field of sustainability reporting. It provides an overview of the multitude of initiatives aimed at standardizing corporate social responsibility efforts on a global scale and highlights the ways in which the GRI can be distinguished from other international initiatives. By evaluating GRI’s goals and its claims, the paper provides an overview of the strengths and weaknesses of this critical initiative. It includes a discussion of changes and new strategies that the GRI proposes as part of its recently introduced G3 Guidelines. The authors …

The Ethics Of Corporate Governance, Donald Nordberg

Donald Nordberg

This paper is an early draft of an article that appeared in the Journal of General Management in 2008. How should corporate directors determine what is the "right" decision? For at least the past 30 years the debate has raged as to whether shareholder value should take precedence over corporate social responsibility when crucial decisions arise. Directors face pressure, not least from "ethical" investors, to do the "good" thing when they seek to make the "right" choice. Corporate governance theory has tended to look to agency theory and the need of boards to curb excessive executive power to guide directors' …

Rebalancing The Board's Agenda, Donald Nordberg

Donald Nordberg

This paper is a draft of an article published in the Journal of General Management in 2007. Since the corporate governance scandals of 2001 and 2002, the work of boards of directors has been dominated by board processes and compliance, with a corresponding reduction in the emphasis on value creation. This discussion paper proposes a model for board activities and raises questions about how they can be rebalanced to provide greater emphasis on the board's strategic advisory role. It also looks at European governance issues, including the role of dual boards.

Segundo Congreso Nacional De Organismos Públicos Autónomos, Bruno L. Costantini García

Bruno L. Costantini García

Memorias del Segundo Congreso Nacional de Organismos Públicos Autónomos. "Autonomía, Profesionalización, Control y Transparencia"

Political Control For China’S State-Owned Enterprises: Lessons From America’S Experience With Hybrid Organizations, Jonathan Koppell

Jonathan GS Koppell

China’s reform of state-owned enterprises (SOEs) is intended to liberate the companies from bureaucratic control that hinders their management. Discussions of SOE reform, however, downplay the policy consequences. Can SOEs be “free” to succeed economically while some political control is maintained? Surprisingly, American experience with hybrid organizations—government-created companies that straddle the line between public and private—offers some precedent for managing the balance between political control and enterprise independence. Three strategies are derived for China. First, welfare functions must be stripped from SOEs and replaced by policy objectives compatible with commercial purposes. Second, reducing financial dependence on SOEs will remove a …

We Teach It, But Do We Practice It? Challenging Our Own Ethics In Higher Education, Susan R. Madsen, James Davis, Scott C. Hammond, Bonner Ritchie

Susan R. Madsen

The purpose of this panel discussion is to provide business school faculty, administrators, and doctoral students a forum to discuss current issues and challenges related to the ethical decision-making and behavior of individuals and groups (i.e., faculty, administrators, and staff) within the higher educational arena. It will provide the attendees/participants the opportunity to challenge behaviors and practices commonly seen and held. There are a number of contexts that provide ethical/moral dilemmas in post-secondary settings. While several of these contexts have received significant attention from professional associations such as the Academy of Management, others have received little or no attention. The …

Teaching Ethics And Honesty In Business Classrooms: A Study Of Changes In Student Perceptions, Susan R. Madsen, Ovilla Turnbull, Troy Nielson, Larry Hartman

Susan R. Madsen

With recent highly publicized breaches of ethics among members of the business community (e.g., Enron, WorldCom, Adelphia, Global Crossing, and Tyco), there is a need to re-examine specific strategies employed in colleges and universities to influence business students toward increased ethics and honesty. The purpose of this study was to examine whether perceptions and attitudes toward ethics and honesty could be influenced during a semester-long college business course. A survey was administered to students in six human resource management classes taught by four different faculty members at Utah Valley State College. The Likert scale questionnaire utilized the 20-item Ethics Position …

The Ethics Of Entitlement In Higher Education: Greater Good Versus Self Interest In The Academy, Susan R. Madsen, Scott C. Hammond

Susan R. Madsen

Higher education often pretends to support practical egalitarian organizations with access to all and openness of ideas. But in reality it is a hierarchy just like any private corporation. Individual identity determines status in the hierarchy. People jockey for changes in status. There are clear rules for moving up and down in status. This paper asks the question "Do the entitlements that we support in order to maintain the equalitarian ideal in fact work against it?"

Gobierno De La Empresa Y Autorregulación: Bases Para La Elaboración De Códigos De Buenas Prácticas En Empresas Chilenas, Alfredo Enrione, Luis Perera

Alfredo Enrione

No abstract provided.

Board Interlocking Strategies In Emerging Markets: The Case Of Chile, Alfredo Enrione, Fernanzdo Zerboni

Alfredo Enrione

Interlocking directorates is a widely studied, applied measure of governance practice. Most of the research has been limited to data from developed countries and studies interlocking as an explanatory variable of other governance constructs. This work conceptualizes interlocking as a rational decision of the owner/controller of a company, as a dependent variable of board’s design, and applies the concepts in an emerging market business environment. We found significant associations between interlocking and firm characteristics such as ownership structure, industry and regulation. We finally draw some conclusions on the direct application of corporate governance theories in developing countries.

Unresolved Issues And Further Questions: Meir, Potts, And Hendry, Laura Hartman

Laura Hartman

No abstract provided.

The Communication Of Corporate Social Responsibility: United States And European Union Multinational Corporations, Laura Hartman, Robert Rubin, Kathy Dhanda

Laura Hartman

This study explores corporate social responsibility (CSR) by conducting a cross-cultural analysis of communication of CSR activities in a total of 16 U.S. and European corporations. Drawing on previous research contrasting two major approaches to CSR initiatives, it was proposed that U.S. companies would tend to communicate about and justify CSR using economic or bottom-line terms and arguments whereas European companies would rely more heavily on language or theories of citizenship, corporate accountability or moral commitment. Results supported this expectation of difference, with some modification. Specifically, results indicated that EU companies do not value sustainability to the exclusion of financial …

European Perspectives On Business Ethics: A Polyphonic Challenge, David Bevan, Laura Hartman

Laura Hartman

An analysis of the special issue of this volume introducing a project seeking to present some distinctly European perspectives on business ethics and corporate social responsibility. The discussion contextualizes the original papers, anticipates the responses to these papers that will appear in an issue of BE:ER scheduled to immediately follow publication of this issue of Business & Society Review (de George, 2008; Phillips, 2008; Thompson, 2008). The discussion explores and presents the European perspective on corporate social responsibility, serving as an effective polyphony that is revelatory rather than deterministic and exists in common with another work including this notion in …

The End Of Foreign Aid As We Know It: The Profitable Alleviation Of Poverty In A Globalized Economy, Scott Kelley, Patricia Werhane, Laura Hartman

Laura Hartman

This chapter defends the following thesis: Poverty can be alleviated, if not eradicated, both locally and globally, but only if we change our narratives about global free enterprise and only if we rethink our mindsets regarding how poverty issues are is most effectively addressed. The chapter begins with an overview of the current state of the economic landscape with particular focus on – and criticism of –the failures of strategies employed since the middle of the last century. We then explore how a transfer of roles and responsibilities for global poverty from these traditional development practices to innovative, private, for-profit …

Beyond The Dichotomous Worlds Hypothesis: Towards A Plurality Of Corporate Governance Logics, Jordan Otten

Jordan Otten

The dichotomous worlds hypothesis holds that corporate governance systems worldwide are either based on the Anglo-American shareholder model or the Eurasian stakeholder model. We suggest a more fine-grained classification, based on five corporate governance logics –socially constructed, historical patterns of material practices, assumptions, values, beliefs, and rules by which all parties involved in economic productive activities structure their material interdependencies and provide meaning to the social reality of corporate life. These logics are discovered through a content analysis of the corporate governance reform codes of 38 countries.

Theories On Executive Pay: A Literature Overview And Critical Assessment, Jordan Otten

Jordan Otten

Executive pay is a major issue in the corporate governance debate. As well in practice as in theory debate still exists how executive pay levels and structures can be explained. This paper provides an overview of 16 theories that have been used in the literature to explain the phenomenon. The theories can be classified into three types of approaches; 1) the value approach; 2) the agency approach; and 3) the symbolic approach. A critical assessment of the theories shows that the dominant use in the literature of the perfect contracting approach of agency theory neglects: 1) the socially determined symbolic …

Developing The Physician Executive: From The Surgical Suite To The Executive Suite, William Martin, Susan Quinn

William Marty Martin

The education and training of physician executives represents a challenge. This paper describes several models to design and delier an executive and leadership development program for physicians.

Ethics 101: A Common Ethics Language For Dialogue, Marco Tavanti

Marco Tavanti

Chaired by Patricia Werhane, Director, Institute for Business & Professional Ethics, DePaul University. A subcommittee of the Ethics Across the Curricula Committee created this document. The members include: Andrew Gold, Professor, College of Law; Laura Hartman, AVP & Professor of Business Ethics, Department of Management; Karyn Holm, Professor, Department of Nursing; Scott Paeth, Asst. Professor, Religious Studies Department; Charles Strain, Associate Vice President of Academic Affairs; Marco Tavanti, Asst. Professor, Public Services Graduate Program; David Wellman, Asst. Professor, Religious Studies Department. This guide draws from various resources prepared by others including copyrighted materials reprinted with the permission of the Markkula …

Quality Models: Selecting The Best Model To Deliver Results, William Martin

William Marty Martin

No abstract provided.

The Communication Of Corporate Social Responsibility: United States And European Union Multinational Corporations, Laura Hartman, Robert Rubin, Kathy Dhanda

Kathy K Dhanda

This study explores corporate social responsibility (CSR) by conducting a cross-cultural analysis of communication of CSR activities in a total of 16 U.S. and European corporations. Drawing on previous research contrasting two major approaches to CSR initiatives, it was proposed that U.S. companies would tend to communicate about and justify CSR using economic or bottom-line terms and arguments whereas European companies would rely more heavily on language or theories of citizenship, corporate accountability or moral commitment. Results supported this expectation of difference, with some modification. Specifically, results indicated that EU companies do not value sustainability to the exclusion of financial …

The End Of Foreign Aid As We Know It: The Profitable Alleviation Of Poverty In A Globalized Economy, Scott Kelley, Patricia Werhane, Laura Hartman

Scott Kelley

This chapter defends the following thesis: Poverty can be alleviated, if not eradicated, both locally and globally, but only if we change our narratives about global free enterprise and only if we rethink our mindsets regarding how poverty issues are is most effectively addressed. The chapter begins with an overview of the current state of the economic landscape with particular focus on – and criticism of –the failures of strategies employed since the middle of the last century. We then explore how a transfer of roles and responsibilities for global poverty from these traditional development practices to innovative, private, for-profit …

Social Entrepreneurship & Direct Marketing, Todd A. Finkle

Todd A Finkle

“La Opinión De Un Funcionario Y Su Impacto En La Libre Circulación De Mercancías: La Sentencia 'Agm-Cos.Met'”, Luis González Vaqué

Luis González Vaqué

Statements which, by reason of their form and circumstances, give the persons to whom they are addressed the impression that they are official positions taken by the State, not personal opinions of the official, are attributable to the State. The decisive factor for the statements of an official to be attributed to the State is whether the persons to whom those statements are addressed can reasonably suppose, in the given context, that they are positions taken by the official with the authority of his office.

To the extent that they are attributable to the State, statements by an official describing …