Book Review: Business Ethics by Jacques Cory
Business Ethics
Business Ethics: The Ethical Revolution of Minority Shareholders is a pioneer and original work in the domain of ethics in the relations between companies and minority shareholders. The book puts into context the motives of the controlling shareholders, who operate in collaboration with the management of their companies, in order to maximize their profits, very often at the expense of the small shareholders who do not possess insider information. This volume describes how the traditional safeguards of the rights of shareholders, namely the law, the SEC, boards of directors, independent directors, auditors, analysts, underwriters and the press, are inefficient in many cases toward minority shareholders. New vehicles are needed for the ethical revolution of the minority shareholders, such as the Internet, Transparency and Activist Associations, enabling them to have at least the chance to understand the pattern and methods that wrong them and how they have for the first time an alternative to invest in Ethical Funds with 13% of all investments under professional management in the US and investments of billions of Euros in Europe. Ethical investing is screened to reflect ethical environmental, social, political or moral values. The empirical part of the book presents four cases of US, French and Israeli companies, most of them in high-tech, in which the minority shareholders lose almost all of their investments. The cases are based on current events and try to find the common aspects and basic rules that govern the wrongdoing to minority shareholders. The book concludes that once the minority shareholders, who are ultimately all of us, are assisted by the new vehicles of Ethics, and are properly organized, motivated and conscious of their strengths, they will be able to win their fight and safeguard their interests. Business Ethics is primarily intended for the academic market and is particularly appropriate for academics in business administration, ethics and finance. It should also appeal strongly to a professional business/finance market, but to minority shareholders as well, who are aware of the wrongdoing committed to them and who want to remedy the situation by activist conduct.
publishedDate : 2001-03-31
authors : Jacques Cory
publishers : Springer Science & Business Media
pageCount : 269
Activist Business Ethics
Author by : Jacques Cory
Languange Used : en
Release Date : 2012-10-05
Publisher by : Springer Science & Business Media
ISBN :
Description : Jacques Cory's second book Activist Business Ethics expands upon the theoretical concepts developed in his first book Business Ethics: The Ethical Revolution of Minority Shareholders published by Kluwer Academic Publishers in March 2001. Activist business ethics is needed in order to remedy the wrongdoing committed to stakeholders and minority shareholders. This will be achieved by cooperation between ethical businessmen, activist academics, stakeholders and minority shareholders. We should treat others as we would want others to treat us, not through interest, but by conviction. Yet this principle is not the guideline of many companies in the modern business world, despite the fact that most religions and philosophers have advocated it in the last 3,000 years. How can we convince or compel modern business to apply this principle? And is it essential to the success of economy? In order to answer these questions this book examines the evolution of activist business ethics in business, in democracies, in Christianity, Judaism, Islam, Buddhism, in philosophy and psychology. The book examines international aspects, the personification of stakeholders, the predominance of values and ethics for CEOs and the inefficient safeguards of the stakeholders' interests. The book presents new vehicles for the safeguard of those interests, such as the Internet, Transparency, Ethical Funds and Activist Associations, and future activist vehicles, such as the Supervision Board and the Institute of Ethics. Today everybody is a stakeholder and a minority shareholder of a company, directly or through our pension funds, or as a client, a supplier, a member of a community and a citizen. The principal premise of the book is, therefore, that ultimately the wrongdoers act against themselves. The book is woven with many references on ethics and business ethics from the professional and classic world literature, the Bible and other religious texts, poetry, maxims, and folk tales; showing that ethical problems are similar throughout the ages and cultures, but some of the solutions given in this book are new and original. Activist Business Ethics is primarily intended for the academic market and is particularly appropriate for academics in business administration, ethics and finance. It should also appeal strongly to the professional business/finance market, and to stakeholders and minority shareholders as well, who are aware of the wrongdoing committed to them and who want to remedy the situation by activist conduct....
Business Ethics
Author by : Jacques Cory
Languange Used : en
Release Date : 2012-12-06
Publisher by : Springer Science & Business Media
ISBN :
Description : "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....
Business Ethics
Author by : Jacques Cory
Languange Used : en
Release Date : 2001-11-01
Publisher by :
ISBN :
Description : ...
Business Ethics For A Sustainable Society
Author by : Jacques Cory
Languange Used : en
Release Date : 2009
Publisher by :
ISBN :
Description : Business Ethics for a Sustainable Society : Conquering the Corporate Frankenstein...
Business Ethics
Author by : International Business Programs
Languange Used : en
Release Date : 2006-01-16
Publisher by : Springer Science & Business Media
ISBN :
Description : “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....
International Journal Of Group Tensions
Author by :
Languange Used : en
Release Date : 2002
Publisher by :
ISBN :
Description : ...
L Thique Des Affaires Et Les Actionnaires Minoritaires
Author by : Jacques Cory
Languange Used : fr
Release Date : 2004
Publisher by :
ISBN :
Description : La thèse sur travaux se fonde sur deux livres écrits par l’auteur, et qui ont été publiés en 2001 par Kluwer Academic Publishers à Boston : Activist Business Ethics et Business Ethics : the ethical revolution of minority shareholders. La thèse examine le contexte actuel de l’éthique des affaires envers les actionnaires minoritaires, et propose des voies nouvelles pour sauvegarder leurs intérêts. Elle traite successivement de la nécessité de mener une recherche pionnière ; de la méthodologie des travaux ; de l’intérêt d’une recherche qualitative et des études de cas ; de la légitimité de la recherche littéraire dans le cadre d’une thèse académique ; des règles concluant les travaux ; de l’analyse comparative de l’affaire Enron et des travaux. Elle décrit en détail les bases de la recherche bibliographique, et se termine par un exposé des pistes de recherche qu’elle aura permis d’ouvrir. Enfin, une liste complète de la bibliographie (livres et articles) est donnée à la fin de la thèse....