About This Chapter
Employees, Stockholders, & Corporate Governance - Chapter Summary and Learning Objectives
Use this chapter to learn what a stakeholder is and investigate some of the steps organizations take to balance the interests of employees, owners, and investors alike. You can also explore the government regulations in place to protect stockholders and ensure employees' right to privacy, safety, and due process. Lessons explore the following topics and more:
- Business decisions and relationships impacting stakeholders
- Corporate board of directors and shareholder roles
- Stockholders' legal rights and protections
- Occupational health and safety regulations
- Legislation protecting workers' rights
|The Impact of Business Decisions on Stakeholders||Explain how stakeholders are impacted by business decisions.|
|The Organization of Modern Corporations & Interaction with Stakeholders||Discuss the ways in which modern corporations organize internally to interact with various stakeholders.|
|The Ethics of the Employer-Employee Relationship & Its Effect on Stakeholders||Describe how employer-employee relationships affect other stakeholders. Outline two distinct perspectives on the ethics of workplace relationships.|
|Stockholders: Definition, Powers, Rights, & Activism||Identify different kinds of stockholders, their objectives, and their legal rights and protections. Learn about the separation of powers and shareholder activism.|
|How Stockholders Can Promote Their Economic and Social Objectives||Examine various ways stockholders can promote their economic and social objectives.|
|Shareholder, Board of Director, & Officer Roles||Explore the roles of a corporation's shareholders, board of directors, and officers.|
|How Companies Ethically Balance Owner, Stockholder, & Stakeholder Interests||Explain how a company must ethically balance the interests of owners, stockholders, and other stakeholders.|
|Executive Compensation: Attitudes & Concerns||Analyze the function of executive compensation and discuss the idea that top managers are paid too much. Describe conflicts of interest in governance created by excessive executive compensation.|
|Workers' Rights: Union Organization & Management Relations||Study the rights of workers to form unions and the processes involved in organizing them. Examine labor legislation, management's resistance to strikes, and the need for collaboration between management and unions.|
|Collective Bargaining: Definition and Labor Relations Legislation||Get an overview of the National Labor Relations Act. Identify the functions of the National Labor Relations Board.|
|Health & Safety Regulations: Protection Requirements & Acceptable Risk||Describe government regulations designed to ensure occupational health and safety. Outline the steps business must take to protect workers. Explore the 'acceptable risk' approach to health and safety in the workplace.|
|Business Ethics Behind Job Security & Due Process for Employees||Study the concept of due process in the workplace and explain how it relates to performance appraisals. Define employment at will (EAW), its ethical rationale, and the costs of an EAW environment. Evaluate the limits of employers' duty to provide job security to their workers.|
|Employee's Right to Privacy: Reasonable Expectations & Business Rights||Analyze the extent of employees' right to privacy when businesses monitor employee communications, police romance in the office, test for drugs, or subject employees to honesty tests. Discuss the concept of a reasonable expectation of privacy.|
|What Is the Whistleblower Act? - Definition, Rights & Protection||List types of whistleblowing. Identify legislation designed to protect federal and corporate whistleblowers.|
1. The Impact of Business Decisions on Stakeholders
In this lesson, you will learn about the impact of business decisions on stakeholders and the various difficulties in making appropriate ethical decisions that result in fair outcomes for all constituents.
2. The Organization of Modern Corporations & Interaction with Stakeholders
In this lesson, you will learn how modern corporations have to organize their departments in order to provide direct interaction with various stakeholders.
3. The Ethics of the Employer-Employee Relationship & Its Effect on Stakeholders
The employer-employee relationship must be ethically sound. There are specific requirements that each side expects in order to respect the employment relationship and its effect on stakeholders.
4. Stockholders: Definition, Powers, Rights & Activism
In this lesson, you will learn the definition, types and powers of stockholders. In addition, stockholder rights will be highlighted along with the introduction of the recent business influence of stockholder activism.
5. How Stockholders Can Promote Their Economic and Social Objectives
In this lesson, you will learn how stockholders are tasked with balancing their investment choices with promoting their own economic and social objectives.
6. Shareholder, Board of Director & Officer Roles
A corporation is a complex business structure made up of many different individuals. This lesson explains the corporate roles of shareholders, the board of directors and officers.
7. How Companies Ethically Balance Owner, Stockholder & Stakeholder Interests
Companies can adopt the shareholder or stakeholder models to ethically balance owner, stockholder and stakeholder interests. The focus of a company can be on maximizing profits or long-term survival.
8. Trends of Executive Compensation in the U.S.
Some believe executive compensation in the U.S. has gotten out of hand. In this lesson, we'll discuss how executives are compensated, how their compensation is determined and recent trends in executive compensation.
9. Workers' Rights: Union Organization & Management Relations
Employees are one of the primary stakeholders to a corporation. In this lesson, you will learn about the importance of workers' rights and how unions can create a joint relationship with management.
10. Collective Bargaining: Definition and Labor Relations Legislation
The National Labor Relations Act established the National Labor Relations Board and required employers to use collective bargaining. This lesson explains these labor law concepts.
11. Health & Safety Regulations: Protection Requirements & Acceptable Risk
Companies have to abide by federal health and safety regulations enforced by OSHA (Occupational Safety and Health Act). In this lesson, you will learn the protection requirements and acceptable risks companies must be knowledgeable about in the workplace.
12. Employee Rights: Employment-At-Will Doctrine & Exceptions
Most employment relationships in the United States are subject to the employment-at-will doctrine. In this lesson, you'll learn about the employment-at-will doctrine and its exceptions. You'll also have the chance to take a short quiz.
13. Employee Rights: Privacy & Safety
The modern workplace can be an intrusive and sometimes even a dangerous and violent place. In this lesson, you'll learn about employee privacy and safety. Topics will include employee surveillance, social media and workplace safety and violence.
14. What Is the Whistleblower Act? - Definition, Rights & Protection
A whistleblower is an employee that reports an employer's misconduct. There are laws that protect whistleblowers from being fired or mistreated for reporting misconduct. One of these laws is the Whistleblower Protection Act. This lesson explains the Whistleblower Protection Act and other laws that protect whistleblowers.
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Other chapters within the Business 108: Business Ethics course
- Introduction to Business Ethics
- Management in Organizations
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- Business-Government Relations
- Government Regulation on Business
- Business' Influence on the Political Environment
- The Executive Branch of Government: Composition & Roles
- Antitrust Laws in Business
- Corporate Social Responsibility & Citizenship
- Business & the Community
- The Media's Impact on Business
- Consumer Rights & Regulations
- Ethics in Advertising
- Strategies of Special Interest Groups
- Technology, Business, & Society
- Environmental Issues in Business
- The Global Business Environment
- International Trade & Business Law
- Studying for Business 108