Business Ethics: The Ethical Revolution of Minority Shareholders - Softcover

Cory, Jacques

Softcover

ISBN 10: 1461565901 ISBN 13: 9781461565901

Verlag: Springer, 2012

Inhaltsangabe

"Morten: And what are we going to do, when you have made liberal-minded and high-minded men of us? Dr. Stockman: Then you shall drive all the wolves out of the country, my boys!" (Ibsen, An Enemy of the People, Act V) The theoretical and empirical research of this book describes how the traditional safeguards of the rights of minority shareholders have failed in their duty and how those shareholders have remained practically without any protection against the arbitrariness of the companies and majority shareholders. The law, the SEC, society, boards of directors, independent directors, auditors, analysts, underwriters and the press have remained in many cases worthless panaceas. Nevertheless, in the Ethics of 2000 new vehicles have been developed for the protection of minority shareholders, mainly the Internet, transparency, activist associations and ethical funds. Those vehicles give the shareholders at least the chance to understand the pattern and methods that are utilized to wrong them and give them a viable alternative for investment in ethical funds. The new vehicles will prevent minority shareholders from using the Armageddon weapon, by ceasing to invest in the stock exchange and causing the collapse of the system, that discriminates against them.

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Reseña del editor

This monograph is based on qualitative and inductive research. All the cases treated in it are based on current events and try to find the common aspects and basic rules that govern the wrongdoing to the minority shareholders. In the four cases of US, French and Israeli companies, most of them in high tech, the minority shareholders lose almost all their investment. Those are not pervert cases but the norm in many companies, which is illustrated by qualitative cases, without being able of course to quantify them. Case studies are the preferred strategy when "how" and "why" questions are being posed. The purpose of this monograph is therefore to analyze why and how companies do not act ethically towards their minority shareholders, not how many, not which, not to what degree and not where.

Details zur Ausgabe

• Verlag: Springer
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 1461565901
• ISBN 13: 9781461565901
• Einband: Tapa blanda
• Anzahl der Seiten: 280
• Kontakt zum Hersteller: Nicht verfügbar