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International Business, 8th Edition by Michael H. Moffett, Iikka A. Ronkainen, Michael Czinkota

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CHAPTER 10

The Corporation: Ownership, Governance, and Sustainability

CHAPTER CONTENTS & LEARNING OBJECTIVES

OWNERSHIP

1. To explore how the differing ownership structures of organizations around the world alter the way in which those same organizations respond to stakeholder interests

THE CORPORATE OBJECTIVE

2. To examine how corporations, both publicly traded and privately held firms, conduct their activities to pursue both operational and financial goals and objectives

CORPORATE GOVERNANCE

3. To review, in detail, goals, structures, and participants in corporate governance across the globe, and how good and bad corporate governance affects an organization's reputation

CORPORATE RESPONSIBILITY AND SUSTAINABILITY

4. To differentiate between corporate governance, corporate responsibility, and corporate sustainability, and what attributes society increasingly expects from responsible organizations

A Corporation, then, or a body politic, or body incorporate, is a collection of many individuals united into one body, under a special denomination, having perpetual succession under an artificial form, and vested, by policy of the law, with the capacity of acting, in several respects, as an individual, particularly of taking and granting property, of contracting obligations, and of suing and being sued, of enjoying privileges and immunities in common, and of exercising a variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred ...

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