Corporate harm: Measurement and impact - Essay Example

Only on StudentShare

Extract of sample
Corporate harm: Measurement and impact

Legally it is the corporation, and not its representatives that engage in business activity. However, natural persons, usually own a corporation and do determine and carry out its policies. At the same time these natural persons, individually, own none of the property of the corporation (Koontz & Fulmer, 2000, pp. 136). Such companies generate capital for the economy and their investors whilst creating job opportunities for the masses however, this power is seldom coupled with uniformed responsibility. With the increasing giant corporations in the world the trend of corporate harm and corporate crime are also increasing. There is a fine line between both the notions.
Corporate harm is defined as all the activities of the corporations, which do not come under legislation but create adverse effects on employees, stakeholders and environment. For Example the increasing workload on the employees of corporations are causing numerous health problems to the employees such as high blood pressure and heart diseases (Health and Safety Executive, 1993). Examples of Corporate harm include:
It involves many variables. The situations in which the corporate harm takes place vary to great extent. ...
Download paper


A widely quoted definition of a corporation was that made by Chief Justice Marshall of the United States in 1819. He referred to corporation as "an artificial being, invisible, intangible, and existing only in contemplation of the law."(Grossman & Adams, 1993, p.11-12) In other words, a corporation is a powerful, untouchable, artificial being endowed by law with the rights, powers, and 'duties' of a natural person…
Author : jordane50

Related Essays

Assessing the Arguments Related to Shareholder Primacy and Stakeholder Theory in Corporate Governance
Historically, the shareholder primacy theory has occupied a significant role in the corporate governance strategies based on the Anglo-American model. Shareholder primacy theory takes the position that the corporation is owned by shareholders and thus exists for the sole purpose of maximizing shareholder value. The role of shareholder primacy in corporate governance has been challenged by the European model of corporate governance which recognizes stakeholder value. Stakeholder theory looks more keenly at relationships between the corporation and its stakeholders, and presumes that profits...
54 pages (13554 words) Dissertation
Corporate Governance in UK
The paper throws light on corporate managements that always work on corporate governance strategies so as to meet the increasingly changing market trends. The corporate governance policy also helps to manage the interrelationship between stakeholders and the organisation’s fundamental objectives which shape the way the firm operates. The top management is always eager to know whether its corporate governance policy is efficient enough to meet the shareholder values even though the management also focuses on impacts of the policy on the firm’s operational efficiency. Nowadays corporate...
6 pages (1506 words) Assignment
Assessing the potential impact of institutional investors on corporate governance in China
. p.10 Literature review . p.10 Conclusions . p.31 References . p.37 ABSTRACT Examples are given pertaining to the development and present situation of Western institutional investors. Also under discussion is the practice of Western/Anglo institutional investors towards an increasing participation in the corporate governance in a proactive way. The methods and procedures of institutional investors participation in corporate governance is described, with American and British examples – and how these institutions pertain to China. Analysis is given describing the development of the corporate...
32 pages (8032 words) Dissertation
Corporate Governance
In addition, the 2007 global economic crisis can be attributed to the corporate governance failure to a great extent. This paper will explore the practical strategies which would improve current corporate governance system in UK. Corporate governance The concept of corporate governance underwent tremendous changes from period to period since its origin. Managements always pay attention to update their corporate governance strategy in accordance with the needs of time. The corporate governance policy also maintains the relationship among the stakeholders and the objectives of the organisation...
6 pages (1506 words) Coursework
corporate law
The aspects that Corporation Law takes care of in relation to the activities of the companies are its formation and operations including fundraising and activities of the officer’s involved1. The Corporations Act already defines remuneration in Section 9 noting it to be “any benefit that is given to an officer or employee of a corporation is remuneration if and only if the benefit, were it received by a director of the corporation, would be remuneration of the director for the purposes of an accounting standard that deals with disclosure in companies’ financial reports of information...
8 pages (2008 words) Essay
The Harm of Legalizing Marijuana
The research paper studies the influence of marijuana intake on human's body. The above analysis contributes towards the fact that marijuana is not directly fatal does not indicate that it does not possess any acute risk. The fact that advocate and opponents characterized themselves on the right side of the equation respectively, suggested us that what is at stake is specifically the meaning of rationality. Eminent personalities had debated over the medicinal usefulness of marijuana. The court law considered the intake of marijuana as a source of medicine to be legal. Few other doctors...
20 pages (5020 words) Term Paper
Got a tricky question? Receive an answer from students like you! Try us!