Corporations law lecture four topic 10

January is over. Instead of reading about the past, check out 's issues to watch. States and localities will spend much of their time this year grappling with troublesome new realities and trying to work out their relationship with Washington.

Corporations law lecture four topic 10

Some corporations and think tanks argue that their actions can actually be positive. Their constructive engagement allows the spread of democracy, new technologies, human rights and so on to those regions, which, over time, would allow more positive benefits to be realized.

This sounds nice and comforting and there are certainly cases where this happens. With globalization in general, cross cultural communication is occurs far quicker than ever before. Being exposed to more ideas, such as democracy, can be very powerful.

In some countries, large corporations have even funded media suppression or military activities against workers, themselves.

Corporations law lecture four topic 10

Human rights conditions have hardly improved due to corporate activities and the technologies brought in are usually still owned by the company itself, so that the self-empowering benefits of technology transfer is less than what it could be. However, some public pressure has forced certain large companies to address their human rights issues.

Such companies include large oil corporations like BP Amoco and Statoil. It remains to be seen if their drive is from a public relations concern, or a genuine concern for the well being of the people that either work for them in other countries or are affected by their work practices.

The constructive engagement argument is then seen as a nice cover to continue exploitative practices. In toys, garments and clothing, the brief history of voluntary Codes of Conduct is one of TNCs being dragged into them with little enthusiasm and not very much willingness to comply unless they have to—although of course, they stoutly maintain the opposite.

EPZs require government funds which could be used elsewhere for projects that directly help the poor. Their growth is coming at the expense of the poor. Whether they operate inside or outside such zones, TNCs involved in manufacturing have not helped most developing countries to improve the decline in their terms of trade, neither have they provided the poor with an escape from poverty.

They show that a great deal more foreign exchange stays in a country when hotels are locally owned. We hear more and more about philanthropic organizations set up by mega-successful business elites, where millions of dollars are donated to seemingly worthy causes.

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However, the fact that such donations are needed also serves as an indication that development policies and globalization policies in their current form are not sustainable! The following quote summarizes this notion quite well: Societies which depend on such largess to meet their basic health and education needs are neither sustainable, democratic nor equitable—yet new dimensions of power are ceded to large companies.

Back to top Economic Power also wields Political Power While the drive for efficiency is always a good thing as it should help prevent wasting resourcesoftentimes, the goal of keeping these costs down also leads to reducing wages, working conditions and often the basic rights of people.

This occurs because these corporations and even some nations seek out places where poor labor regulations can be taken advantage of in an unfair way, or by not supporting—or even opposing—international or national bodies and policies that could help to ensure fairness.

Disgruntled Employees

An example of this will be seen in the next section on this site about medical research and the pharmaceutical industry. To highlight this point further, take for example the illegal drug or tobacco industries.

They, like other industries need to operate efficiently and minimize unnecessary costs. However, their impact on society is negative to say the least.

Smith Institute for Economic Democracy Of the hundred wealthiest bodies, 51 percent are owned by corporations.Lesson 4 - Part 2 - ASSOCIATED CORPORATIONS Where 2 or more Canadian-controlled private corporations are "associated" at any time in the year, they must share the $, business limit.

This rule is designed to prevent corporations with substantially common ownership from gaining multiple access to the small business deduction and accelerated tax reduction (see ITR6). Sep 07,  · As one arm of the criminal justice system, law enforcement is responsible for maintaining social and public order.

RAND research is relevant to many issues affecting law enforcement agencies in the United States, with a focus on public safety, quality policing and community policing, and the recruitment and retention of quality officers. Holly J. Gregory is a partner and co-global coordinator of the Corporate Governance and Executive Compensation group at Sidley Austin LLP.

This post is based on an article that originally appeared in Practical Law The views expressed in the post are those of Ms.

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Gregory and do not reflect the views of Sidley Austin LLP or its clients. Current Legal Topics Research & Reports | Guide to Law Online | Legal Research Guides | Legal Reports | Guides to Our Collections The Law Library of Congress produces reports primarily for members of . Daniel Bennett, Program on Corporations Law & Democracy, Corporate Watch, March And regarding the notion of efficiency, there is a difference between an industry or corporation driving towards efficiency for maximizing profits, versus driving towards efficiency that would benefit society.

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