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In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2] He justified this view by considering to whom a company and its executives are beholden: In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He ...
Corporate responsibility is a term which has come to characterize a family of professional disciplines intended to help a corporation stay competitive by maintaining accountability to its four main stakeholder groups: customers, employees, shareholders, and communities.
Anselmsson and Johansson (2007) [198] assessed three areas of CSR performance: human responsibility, product responsibility, and environmental responsibility. Martinuzzi et al. described the terms, writing that human responsibility is "the company deals with suppliers who adhere to principles of natural and good breeding and farming of animals ...
In the field of corporate governance and corporate responsibility, a debate [5] [6] is ongoing about whether the firm or company should be managed primarily for stakeholders, stockholders (shareholders), customers, or others. [7] Proponents in favor of stakeholders may base their arguments on the following four key assertions:
Investors including Amalgamated Bank and Dominican Sisters of Grand Rapids said Tuesday in a letter to Walmart CEO Doug McMillon that they are "concerned to see our company give into bullying and ...
In the American system of corporate governance, shareholders typically elect the company's board of directors on an annual basis. These directors bear a fiduciary responsibility to the shareholders and must represent the interests of the shareholders (as opposed to the interests of themselves or any third parties) when making decisions. In turn ...
Shareholders of UnitedHealth Group (UHG) are calling on the company’s board of directors to release a report on how its policy of limiting or delaying access to health care may be impacting the ...
UnitedHealth Group shareholders on Wednesday said they requested the company prepare a report on the costs and public health impact related to its "practices that limit or delay access to healthcare."
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