About This Chapter
Below is a sample breakdown of the Legal Environment chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.
|Day||Topics||Key Terms and Concepts Covered|
|Monday|| Legal ethical decision making;|
Effects of business decisions on shareholders
|Business ethics standards;|
Definition of stakeholders and how business decisions affect them
|Tuesday|| Theories of ethics|
Ethical attorney conduct
|Leaders and philosophies;|
Standards for attorneys, including malpractice, attorney/client privilege and conflicts of interest
|Wednesday|| Corporate social responsibility|
Government regulation of administrative agencies
|Overview of corporate social responsibility standards and business law|
The authority of administrative agencies: contesting decisions
|Thursday||White collar crime;|
Corporate criminal liability
|Definition, statistics and examples of white collar crime;|
ahow businesses can be liable for crime;
|Friday|| Deterring business crime;|
|Regulations on businesses, including RICO and the Sarbanes-Oxley Act;|
Overview of enforcement agencies, types of laws and policies
1. Legal Ethical Decision Making: Models, Steps & Framework
Ethical decision making involves making choices based on what is good for all people. The Golden Rule, public disclosure test and universalization test are three models that consider others in their application.
2. Effects of Business Decisions on Shareholders
A shareholder is essentially a part owner of a company. Ownership requires that a person own at least one share of stock in the company. As an owner, a shareholder can be affected by the decisions made by management. Learn more about shareholders in this lesson.
3. Theories of Ethics: Rights & Natural Laws
Legal rights are those rights provided to citizens through the Constitution and other articles of the US legal system. Natural rights are rooted in the ethical, based on what is right or wrong. Learn more about ethics in this lesson.
4. Attorney Professional and Ethical Conduct in Business
Lawyers play an important part in business, but they must follow model rules regarding ethics. This lesson addresses legal ethics in business law, including malpractice, attorney-client privilege and conflicts of interest.
5. Business Ethics: Corporate Social Responsibility
Now that companies are concerned with society's welfare, corporate social responsibility is a controversial topic. In this lesson, learn the two theories of social responsibility and the arguments for and against the practice.
6. Government Regulation of Administrative Agencies: Pros & Cons, and Examples
Part of the executive branch of the government, administrative agencies serve to put into action legislative acts through rules and regulations that individuals and businesses must adhere to.
7. What Is White Collar Crime? - Definition, Statistics & Examples
White collar crimes involve criminal activities committed by people in the regular course of their business and involve bribery, extortion, fraud and embezzlement. These crimes usually end in financial gain for the perpetrator.
8. Corporate Criminal Liability: Definition & Examples
Corporations, just like individuals, can be tried and convicted of committing crimes if managers, directors or even ordinary workers commit the crimes. There are two types: strict liability and vicarious liability.
9. Deterring Business Crime: RICO, False Claims Act, & Sarbanes-Oxley Act
There are three acts that deter corporations from committing crimes that affect customers, shareholders and employees: RICO Act, False Claims Act and Sarbanes-Oxley Act. Each act protects against various crimes, but all of the acts hold businesses accountable for their actions.
10. What Is Environmental Law? - Principles, Issues & Policy
Environmental law involves a series of laws, policies and procedures enforced by various agencies with the goal of protecting the environment. Environmental law often overlaps other laws to act as an extra layer of legal protection.
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