Business Law and Ethics
Business Law and Ethics
Question 1According to Joseph Johnson’s point of view, the stakeholder theory is not workable on a practical basis, but theoretically. In his article, the author focuses on the aspect of fiduciary, which points to the moral responsibility of a company to its stockholders or shareholders. Fiduciary argues from the perspective that the owners of any organization receive first consideration and the organization must ensure that it holds the greatest interest on only the shareholders. The principle is an ethical application in the United States, and all companies should act based on fiduciary theory (Johnston, 2005). Continue reading...
