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The corporation a classic failure in the test of good citizenship due to its pursuit of financial gain . Critically explore the validity of this comment with Nike Ink. company. - Research Paper Example

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The corporation a classic failure in the test of good citizenship due to its pursuit of financial gain . Critically explore the validity of this comment with Nike Ink. company.

im of scrutinizing the actions of company management and directors and hence mitigating agency risks that stem from the devious behaviours inherent in these corporate officers. Within modern business organizations, the primary external stakeholders groups include debt holders, trade creditors, communities and customers impacted by the organization’s activities, shareholders and suppliers. On the other hand, an organization’s internal stakeholders include its board of directors, employees and executives (Colley, Doyle, Logan & Stettinius, 2004). This paper will examine the corporation as a symbol of a classic failure in the test of good citizenship because of its pursuit of financial gain. This will be achieved through the examination of Nike Company Incorporation.
A vast majority of contemporary interest in the field of corporate governance concentrates on the mitigation of conflicts of interest between an organization’s external and internal stakeholders. This is the primary importance of corporate governance within the business society; the mitigation of conflicts between interests of external and internal organization stakeholders (Denis & McConnell, 2003). Manners through which organizations can mitigate such conflicts include the policies, customs, process, institutions and laws that have an effect on the way organizations are controlled. A vital theme of corporate governance is, therefore, the extent and nature of accountability demonstrated by an organization’s internal stakeholders. Notably, the system corporate governance is a multi-faceted issue, which, in addition to ensuring the accountability of individuals within the organization to deter the principal-agent problem, also focuses on the effect of corporate governance systems on economic efficiency, laying strong emphasis on the welfare of shareholders (Goodwin, 2000). There has been new interest in the practices of corporate governance by modern corporations since the year 2001, especially ...
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Corporate governance encompasses market and regulatory mechanisms, as well as the roles and relations between an organization’s board, management, its shareholders, the goals that govern the organization and external stakeholders (Clarke, 2004). Over the last few years,…
Author : lreynolds

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