Benefit Corporation Case

It is necessary to determine when L was removed as director of SPG and SET to ascertain the validity of the plaintiffs’ appointment as administrators. To establish L’s time of removal, one must first conclude whether the decision at the meeting took effect immediately, or if the subsequent messages exchanged between M and L, and belated lodging with ASIC, suggest a later removal date.

The PSC 410 Lecture 6 describes how Toyota’s Prius helps the company realize a competitive advantage that also benefits society. Identify another organization that also has a product or service that combines a competitive advantage and a benefit to society. (Avoid using examples such as TOMS Shoes or Seventh Generation, whose business model is based entirely on social responsibility, or efforts such as Starbucks’ RED initiative, which combines a social remedy and a marketing campaign.)

today's world, there are still companies that don't see the value it provides. Social responsibility is

Every business organization has a social responsibility in ensuring that the environment it operates in is protected. Many companies have identified that they have a major role to play in protecting the natural habitat and ensuring that business is not only about making profits. Some organizations are setting aside funds that are developed in the protection of the environment while other organizations are setting a tree-planting day as part of their annual calendar. Companies have legal and ethical responsibilities that guide the organization in making sure that the environment is taken care of. The natural resource depletion and the environmental pollution have led to conservation groups setting rules that govern the company in utilizing natural resources.

Tom Kurtis, Manager of Customer Service for National Insurance Company, and his assistant, Jill Baxter

Elizabeth Blackwell showed herself as a dedicated and diligent doctor during five years of work in Neurological Associates, and made a significant contribution to the profit margin of the partnership. The partners were delighted with hiring Blackwell in 2005 and they introduced her to medical physicians at a conference. But the referral base Blackwell went through was not the result of that investment by the partnership but instead it was the evidence of her professionalism in neurological sphere.

policies of companies in ways that they believe benefit the fund’s participants through its rights

Based on the case scenario, Doris, Betty, and Charlie formed a company called Bechdo Pty Ltd. The three members are the directors and Betty who is major shareholder holds 40% followed by Charlie and Doris who hold 20% each while the 20% is held by the rest. Based on the company constitution, a managing director has capacity to enter into a contract o behalf of the company up to a maximum of $100,000. Moreover, he/she can enter into contracts to the value of $900,000 upon getting consent for the board of directors. In this case, Bechdo Pty Ltd operates without a managing director since none was elected. The major issue is that Betty being the majority shareholder went ahead and entered into contract with BB Ltd, Jillo Pty Ltd, and

Assignment: Provide a detailed comprehensive, benefit package for the growing staff. It must be balanced and be able to meet everyone's needs, but it has to be financially feasible to support and realistic. Determine cost sharing, if you elect to do that, and provide pricing as well. Include all applicable benefits that will be offered (i.e. standard medical/dental, life? std? ltd? holidays, vacation/pto? flexible work options?)

(Allen 37-42) The decision in Dodge v Ford Motor Company 170 NW 668 (Michigan 1919) supports this theory since Ford was required to distribute some of the company’s earnings to its shareholders. Proponents of this theory would argue that corporations do not have a responsibility to anybody other than their shareholders, i.e., the firm should focus solely on their income and increasing shareholder’s wealth. Interestingly, there are not many organizations in modern society that do not give to charitable/political organization or support the environment, but that does not mean that this model is obsolete and/or not prevalent. For example, many believe that the Foxconn Technology Group, the manufactures of many Apple products, focuses primarily on wealth maximization and not social welfare. The firm is focused on efficiency and has many assembly lines to manufacture their products. The firm is notorious for working employees very long hours. Many employees have committed suicide and the company often suffers from employee riots. Apple often has to come to the defense of their manufacturer of these social issues. The company said “Apple is committed to the highest standards of social responsibility across our worldwide supply chain…We insist that all of our suppliers provide safe working conditions, treat workers with dignity and respect, and use environmentally responsible manufacturing processes wherever our products are

Harvard Business School professor Rosabeth Moss Kanter was interviewed by The Boston Globe, and she was asked about the impact on society when companies serve the social good. A company should "use its clout for social good," Kanter explained, and by serving society a company can "enrich and inform its business strategy" (Weisman, 2009). Can a vanguard company make money and serve a social purpose are those goals compatible? Kanter replies to that question by pointing out that IBM and Procter & Gamble are "highly sustainable" and very profitable companies and the "…idea of serving society is embedded in the way they think about innovation" and the way they strategize moving into new markets (Weisman, p. 1).

In management theory, it is intractable for for-profit company to combine social responsibility and making profits meanwhile. However, Ben & Jerry’s is recognized as a model in this aspect. The company is successful in accomplishing a heightened standard of corporate social responsibility values without being overburdened by the financial necessity from practical completion of such values.

Ben and Jerry’s, founded in 1978, is a market leading distributor of super-premium ice creams, frozen yogurts, and sorbets, and has built a reputation on being a socially minded company. They were pioneers in the policy of “caring capitalism” and place heavy importance on the concept of social responsibility, a practice which many companies have since adopted. They have enjoyed long-term success as a result of their progressive methods of doing business and novel ideology regarding how a company should be ran. However, due to increased competitive pressure and declining financial performance, they have now been confronted by the threat of a takeover. Recently four

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

Dontigency, E. (n.d.) ‘Pros and Cons of Corporate Social Responsibility’. Arizona: Azcentral,Gannett. Available from: http://yourbusiness.azcentral.com/pros-cons-corpo