After reading this chapter you should be able to:
|
- |
Understand
the relationship between stakeholder management and corporate performance |
|
- |
Explain
why maximizing returns to stockholders is often viewed as the preeminent goal
in many corporations |
|
- |
Describe
the various governance mechanisms that are used to align the interest of
stockholders and managers |
|
- |
Explain
why these governance mechanisms do not always work as intended |
|
- |
Identify
the main ethical issues that arise in business and the causes of unethical
behavior |
|
- |
Identify
what managers can do to improve the ethical climate of their organization,
and to make sure that business decisions do not |
