What Stakeholder Group(S) Can Exercise Legal Power

Stakeholders can also exercise the power to influence business practices in other ways. Technology, cultural norms, environment and direct group persuasion were also mentioned as areas of stakeholder power. However, in most cases, these secondary types of stakeholder power can easily be classified as one of the other four. For example, one type of environmental power could be the construction of a dam upstream of a fishery; However, this particular action can also be defined as political or legal actor power. Many of the four main types of power can also be considered overlapping. A society in which economic power is concentrated in the hands of government officials and political authorities is called: building social capital. Obtain local support for business activities. To meet stakeholder requirements. The company`s shareholders have the most direct power over companies through voting.

Before or during the annual meeting, shareholders may vote in proportion to the number of shares they hold to influence or direct the future actions of a corporation. This power applies only to shareholders, unless it is contractually granted to other parties. For example, some companies have given unions a vote. What kind of power could a local community use to influence a company`s decisions? According to a Forbes study, what percentage of executives agree that diversity drives innovation? Most workers in the private and public sectors have the right to hold an election to choose the union, if any, they want to represent. Over time, the nature of the company`s relationship with its stakeholders is often this: the U.S. Equal Employment Opportunity Commission has the power to sue on behalf of victims. Sexual harassment is illegal in the United States. Most incidents of sexual harassment are directed against women. In the concept of “speakholder” business ethics, all individuals and groups in society who are affected by a company and its practices are involved in that business.

While shareholders, executives, and customers are the most directly affected and powerful, other stakeholders can also influence a company`s practices in a variety of ways. An unlimited number of individuals and aggregates can wield stakeholder power in four different categories. When a community group sues a company for health effects caused by the unsafe disposal of toxic chemicals, it is an exercise of one stakeholder: striving to conduct all business relationships ethically. Commitment to environmental protection Working together to reconcile the needs of all stakeholders. The three strategies of globalization can be summed up in these three words: Stakeholders who are directly and indirectly affected by a company can exercise legal power against a company. Employees who feel they have been treated unfairly can sue, either alone or in class actions. Customers, environmentalists, unions and even governments can also sue companies. Since lawsuits, even those that are won, can result in crippling legal fees, this is a power that should not be taken lightly. The process of continuously building relationships between a company and its stakeholders. Which of the following is not an example of the economic power of stakeholders? Which stakeholder group(s) can (can) exercise legal powers? According to Americans, which entity in the latest annual Harris polls held the greatest political power? According to a survey of community relations managers, what is the most important social issue facing communities today? Governments have direct political power over corporations, most often expressed in how corporations are allowed to tax, regulate and exist.

In democratically organized countries, voters and activist organizations can use elections and political pressure to influence political power. In countries with other types of governance, political power can be exercised for or against corporations in different ways, for example when a country decides to nationalize a private company. Employees in the United States have the legal right to: Which of the following is considered a non-market actor in the business? Anyone who can influence the profits or losses of a business has economic power over that business. Customers and shareholders usually have great economic power over a company, but banks that lend to it, creditors that lend and even governments (through tax levies) also wield economic power. Suppliers and retailers also have economic power, as they can refuse to supply or sell a company`s products. Workers, especially workers organized in unions, have great economic power through work slowdowns or strikes. Sarbanes-Oxley makes it illegal for employers: Customers can exercise the power of economic stakeholders by: Companies that conduct their business according to the company`s stakeholder theory create value by: Positively impacts the performance of employees and organizations. 84 High levels of cortisol, the stress hormone that inhibits learning What is a When environmentally conscious companies are looking for imaginative and innovative new ways to reduce pollution and increase efficiency, what strategy are they pursuing? The committee of the board of directors, which manages and approves the salaries and benefits of a company`s senior executives, is called: This is free from recognized hazards that could result in death or serious injury. Factor conditions are strategic contributions that focus on: Components of a typical problem management process include: Supervises employees in all functional areas. Requires strong interpersonal skills. Usually reports to the CEO. Which of the following is not “insider trading”? Make dangerous products such as tobacco or weapons.

Pollute the environment. Discriminate against employees. A proponent of globalization would say that it helps developing countries by: Reduce employer health insurance premiums Which of the following accurately describes the role of the Chief Sustainability Officer? Air pollution occurs when more pollutants are emitted into the atmosphere than can be safely absorbed and diluted by natural processes. The increasing diversity of the U.S. workforce is due to: Once a problem has been identified, its impact should be: Some companies have created a corporate citizenship department: Consumer groups have generally opposed the idea of product liability reform and which of the following arguments are used? Which of the following is not a policy tool for constituency constitution? Globalization is accepted worldwide and causes little controversy. Entrepreneurs need a set of ethical guidelines to help them: robots are more reliable than humans. The cost of robots has come down. New collaborative machines have been invented. As communication improves and people around the world can witness the horrors of natural disasters, terrorism and war, international relief efforts by corporations: human rights and constitutional guarantees of human dignity.

Universal principles of justice. The use of robotics in the workplace has increased recently, as the role of special stakeholders is an important element in extracting information from the supply of geology, soil, air, water and all living things. Your answer is correct How do you rate the effectiveness of customer service? The most important agreement codifying human rights is to allow entrepreneurs to access foreign investment funds to support economic development. So that new ideas and technological innovations can spread quickly. Create more jobs for people in developing countries. Depending on students` backgrounds, speakers may want to cover Chapter 2 Examining Communication Processes, including patient-related steps, posting an issue, whether business should continue, lobbying government decision-makers for regulations. Which of the following countries is not among the top 15 Internet users? Identify the problem, generate options, take action A company that breaks records by maximizing quarterly profits. An entity applying IFRS shall apply all standards without exception X may To influence the actions of decision-makers, an information strategy includes: A common tactic in a financial incentive policy strategy is as follows: An analysis of the stability or instability of a government is an example of a sweep: The active participation of companies and individuals in the betterment of communities. B Formulation of policies and procedures C Providing advice D Service Delivery E The variation of important human characteristics that distinguish humans from each other is called: The date from which the predicted heights of high tides are calculated Global income is distributed equally among nations.

The practice of tailoring work to the worker is: which of the following statements does not apply to the guidelines for convicting polluters established by the U.S. Sentencing Commission for violations? It helps retain talented employees. It helps recruit workers by making the company more attractive to parents. It reduces employee absenteeism and tardiness. Attend the company`s awards ceremonies. Deliver speeches to employees. Visit local facilities. Immigration from other countries. Change work and retirement habits. Millennials entering the workforce. Which of these types of investments is the most illiquid A bond mutual fund B to identify and analyze the nature of the ethical issue.