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Business Ethics - The Ethical Revolution of Minority Shareholders (Paperback, Softcover reprint of the original 1st ed. 2001)
Loot Price: R1,502
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Business Ethics - The Ethical Revolution of Minority Shareholders (Paperback, Softcover reprint of the original 1st ed. 2001)
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"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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