Is ESG a current trend or fad? Will ESG survive when held to a Milton Friedman standard that suggests the purpose of a corporation is for the benefit of its shareholders? Or, stated another way, should ESG be the responsibility of corporations or should governments set standards to which corporation must adhere? Can ESG survive without agreed standards? Why or why not?

Is ESG a current trend or fad? Will ESG survive when held to a Milton Friedman standard that suggests the purpose of a corporation is for the benefit of its shareholders? Or, stated another way, should ESG be the responsibility of corporations or should governments set standards to which corporation must adhere? Can ESG survive without agreed standards? Why or why not?

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter4: Social Responsibility And Ethics In Marketing

Section: Chapter Questions

Problem 1SC

See similar textbooks

Similar questions

what is the purpose of a compliance audit? How does compliance audit influence policy decisions?
Read the Wall Street Journal article, "Boeing Board Accused in Lawsuit of Lax Oversight During 737 MAX Crisis." This lawsuit is a great example of "shareholder activism." Boeing's shareholders took action when they felt the management failed to maximize their long-term value, and the board of directors failed to fulfill its fiduciary obligation to protect the interests of the shareholders. Respond to the following questions based on theories and concepts in Chapter 9. Q3-1. What are the role and duties of the broad of directors in corporate governance? Assuming Boeing shareholders' complaints are true in this lawsuit, in what ways did Boeing's board fail to fulfill its fiduciary duties to the shareholders? Q3-2. Assuming the shareholders' complaints are true, what are some likely reasons that Boeing's board failed to effectively fulfill its duties? Q3-3. We learned in Chapter 9 the importance of making sure the management acts in the best interests of shareholders. After reading the…
Review the conflict of interest scenarios (parts 1 and 2). Identify the issue and indicate the regulation or best practice principle involved. How should the organization/provider respond to the issue? What should the organization/provider do to prevent future issues or mitigate any future harm/damage to the patient or the organization? The first scenario involves doctors who are financially motivated to prescribe certain medications or treatments, even if they may not be the best option for the patient. These doctors may receive kickbacks or incentives from pharmaceutical companies, leading to a conflict of interest that can compromise the quality of care. the second scenario involves doctors prioritizing their patients' well-being. These doctors strive to provide evidence-based recommendations and treatments that are in the best interest of their patients' health. They prioritize unbiased information and consider the individual needs and circumstances of each patient
What is business risk, and how can it be measured?
Select any publicly traded company and find the following information: Names of the company's current officers List of the company's products, or services (or, if the company has a large number of products, the product lines or divisions) 3 important issues in the company's industry The outlook for the company as a whole
Is it possible for any business to be immune to loss? How?
A few years ago, a prominent pharmaceutical company was accused by the Justice Department of meeting with its competitors and entering into an explicit agreement with these competitors to fix the price of a commonly prescribed drug. (a) What is the difference between horizontal price fixing and vertical price fixing? Was this pharmaceutical company accused of horizontal price fixing or of vertical price fixing? Explain your reasoning. (b) Would the business practice that the pharmaceutical company was accused of be considered per se illegal or would the legality of this practice be judged by the rule-of-reason criterion? If the case had gone to trial, would “plus factors” have been considered to determine the trial’s outcome? Explain your reasoning. (c) Use the course material on the free-market economic system to explain why there are governmental laws against horizontal and vertical price fixing.
You have been asked by the board of directors of a listed bank to update them on the emerging corporate governance issues that should be of interest to them. Research and prepare a report for the board on the corporate governance issues that should be of current concern to thedirectors of this company.
As you know, not all purchased intangible assets are necessarily “§ 197 in-tangibles.” For example, in a standalone transaction you purchase a patent with a six-year remaining life from the inventor for use in your Schedule C widget-making business – this is not a § 197 intangible. Or, as a further example, one of your key employees decides to quit; since she knows all of your trade secrets you pay her $250,000 cash in exchange for her signature on a three-year non-compete agreement. How, if at all, would you recover your capitalized investment in the patent and the noncompete agreement for FIT purposes? (a) Even though they are not § 197 intangibles you still must amortize the cost of each over 15 years. (b) You must amortize the cost of the patent over 15 years but you can amortize the cost of the noncompete agreement over its three-year term. (c) You must amortize the cost of the non-compete agreement over 15 years but you can amortize the cost of the patent over its…
What role does risk detection serve in your company?
Why are Corporations choosing to go down this road?
Explain why each is or is not a pure public good. Where applicable, note instances where the good is both publicly and privately provided:A local parkPolice protectionApplied research (It plays an important role please write whatever you know)