Corporate harm: Measurement and impact

Undergraduate
Essay
Law
Pages 8 (2008 words)
Download 0
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…

Introduction

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
Not exactly what you need?

Related papers

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…
Corporate Governance
The 2008 global financial crisis was another incident which influenced regulators to give specific focus on the improvement of corporate governance practices. This paper will critically analyse the different aspects of the corporate governance practices in the UK and will compare them with those of other countries. Corporate governance The concept of corporate governance underwent tremendous…
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…
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…
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…
The Harm of Legalizing Marijuana
As per them, it contributes enormously as a source of medicine. For many decades it has been considered as a resource which throws in towards the physical and psychological benefit of human beings. Dr. Grinspoon has recognized the usefulness of Marijuana as a source of medicines and supported the fact of that usage of Marijuana should be regulated under the Control Substance Act. He stressed upon…
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…