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CHOICE Review

This collection of essays and excerpts by professors, consultants, and business practitioners discusses ethics and the role of the corporation, management, and shareholders in society. The discussion is framed in the context of the increasingly complex environment of business, including such changes as globalization, technological developments, and economic shifts. The selections are arranged in three parts and cover the foundations of corporate legitimacy, control by management and owners, and the future of corporate governance. Throughout the book the reader is faced with a range of questions including: What is the role of the corporation in modern society? From where (or from whom) does the corporation get its power or authority? To whom are corporations truly accountable? What rights do shareholders actually possess and how are those rights protected? What is the relationship between goals and outputs of the corporation and needs and values of the public? Essays also explore the prospect of increased institutional ownership of companies and its effect on corporate governance. An important book for students of business ethics. Advanced undergraduate through professional. G. Klinefelter; Art Institute of Fort Lauderdale