Organizations and Society
How governments influence organizations
-Fair labor practices
-Consumer protection
-Environmental protection
- Common areas of government regulation of business affairs:
-Fair labor practices
-Consumer protection
-Environmental protection
- Governments influence organizations by passing laws and establishing regulating agencies to govern and direct their behavior
- The Canadian government takes an active role in regulating business affairs. The first area is occupational health and safety. The second is the area of fair labour practices.
- Through personal contacts and networks, executives get to know important people in government and try to gain their support for special interests. Through lobbying, executives express their opinions and preferences to government officials.
- QUOTE- “Corporate governance is really about setting and maintaining high standards.” Board member
- Corporate governance is the oversight of top management by a board of directors
- Governance involves hiring, firing, and compensating the CEO, assessing strategy, and verifying financial records.
- Corporate governance is the convergence of economics and relationships that determine a company's direction and performance.
- Its purpose is to optimize resources to promote accountability and efficiency within the corporate structure. Most companies' corporate governance is set by their boards of directors, which establish and promote policies for the management and employees of the corporation.
- The board of directors is responsible to shareholders and customers for the corporation's outcomes.
- Management focuses your attention through the responsibilities that you encounter.
- -- It presents the manager in achieving performance objectives in an ethical and socially responsible way.