During this module, you are required to read Business and Society, Chapters 13, 14, 15, and 16.
Chapter 13: Stockholders, both individual and institutional, are the legal owners of business corporations. The job of corporate boards has become more difficult and challenging, as directors seek to balance the interests of shareholders, managers and other stakeholders. As a result of corporate scandals, reforms have been proposed to make boards more responsive to shareholders and more independent of management.
Chapter 14: Consumer protection laws and regulatory agencies attempt to assure that consumers are treated fairly, receive adequate data, are protected against potential hazards, have free choices in the market and have legal recourse when problems develop.
Chapter 15: The relationship between employees and employers is an important factor that affects business operations. Consider, for example, the issue of “whistle blowing” as depicted in The Insider (1999) starring Russell Crowe, Al Pacino, and Christopher Plummer. This fact-based story was featured on 60 Minutes about a scientist who was fired from a tobacco company for revealing the truth about the raw facts of the industry. The greater good was served but not until many people were destroyed.
Chapter 16: The management of a more varied workforce has become an ongoing challenge to corporations. Women and minorities have made great strides in all occupations, but they continue to be underrepresented in many management roles, especially at top levels. They also continue to face large pay gaps.
Hint: Use the Key Terms listed at the end of each chapter to help guide your reading. You should be able to define, provide examples, and state the significance of each term.
Case Study 7, “Discussion Case: Lumber Liquidators’ Laminate Flooring,” at the end of Chapter 14.
Respond to Discussion Questions 1, 3, and 4
Question #1 if you were a manager at a lumber liquidators, what if anything would you do now beyond what the company has already done?
Question #3 Do you think the government acted appropriately to protect consumers? What more can or should it have done
Question #4 Do you believe that lawsuits filed by consumers activists will help solve the problem of unsafe flooring
Do not include the actual questions from the case .
Please keep in mind that each response should be in paragraph format and be between 250 and 300 words in length for each question also asks that you integrate the core values of Saint Leo Community and Respect into your response. Finally, be sure to use proper in-text citations, for example when using the book: (Lawrence & Weber, 2017, p. 20).The subsequent reference at the end will be: Lawrence, A.T., & Weber, J. (2017). Business and Society: Stakeholders, Ethics, Public Policy (15th ed.). New York: McGraw-Hill/Create Custom
(The Assignment may be linked to Turnitin.)