CategoryCitizenship & Ethics

The Journal of Accountancy, December 2006, provided the following list of the typical stakeholders for publicly owned corporations. It’s a good reference if you want to identify the stakeholders for your company.  Financial stakeholders ·         Shareholders (institutions, hedge funds, employees and individuals) ·         Bond holders ·         Banking institutions ·         Employees (including unions) ·         Other sources…

The recent passing of renowned economist Milton Friedman recalls the argument about social responsibility and business. Friedman famously debunked the idea of corporate social responsibility when he rhetorically asked, “What does it mean to say that ‘business’ has responsibilities? Only people can have responsibilities. A corporation is an artificial person and in this sense may have…