Learning Goal: I’m working on a business multi-part question and need guidance to help me learn.In Chapter 4, the authors explore corporate governance and the ways in which it has evolved and propose an alternative model of corporate governance. They first examine the concept of legitimacy and the part that corporate governance plays in establishing a business’s legitimacy. They then explore how good corporate governance can mitigate the problems created by the separation of ownership and control and examine some of the specific challenges facing board members today. Chapter 5 provides a broad overview of how social, ethical, and public issues fit into the organization’s general strategic management processes. Corporate public policy, that part of management decision-making that encompasses these issues, is discussed. Corporate social performance reporting also is examined. Finally, the chapter covers public affairs management as the formal organizational approach companies use to deal with these issues. The chapter’s overarching goal is to focus on planning for the turbulent social and ethical stakeholder environment currently existing. The decision-making processes known as issues management and crisis management are two important ways that organizations deal with internal issues (e.g., corporate scandals, litigation, employee rights, sexual harassment, product safety, workplace safety, sweatshops, bribery and corruption, smoking in the workplace, and deceptive advertising) and external issues (e.g., natural disasters and terrorist attacks). Chapter 6 introduces the concepts of issues management and crisis management, distinguishes between them, and describes their similarities. The authors utilize the conventional approach toward issues management, not because it is favored, but because it concentrates on public, social, and ethical stakeholder issues.Learning Objectives:Chapter 4. Corporate Governance: Foundational IssuesLearning ObjectivesAfter studying this chapter, you should be able to:Link the issue of legitimacy to corporate governance.
Discuss the problems that have led to the recent spate of corporate scandals and problems in corporate governance.
Discuss the principal way in which companies can improve corporate governance.
Discuss the role of shareholders and the idea of strengthening shareholder voice. What are some of the mechanisms that enable this?
Discuss the role of the SEC in protecting investors.
Discuss the principal ways in which shareholder activists exert pressure on corporate management to improve governance.
Discuss investor relations and the concept of shareholder engagement.
Compare and contrast the shareholder-primacy and the director-primacy models of corporate governance. What are their strengths and weaknesses? Which do you prefer and why?
Chapter 5. Strategic Management and Corporate Public AffairsLearning ObjectivesAfter studying this chapter, you should be able to:Describe the concepts of strategic management and corporate public policy.
Articulate the four major strategy levels and explain enterprise-level strategy, social entrepreneurship, and the benefit corporation.
Explain the strategic management process and the role that sustainability reports and integrated reports play in the process.
Link public affairs with the strategic management function.
Describe the public affairs function today, and enumerate the different activities and functions that comprise it.
Chapter 6. Risk, Issue, and Crisis ManagementLearning ObjectivesAfter studying this chapter, you should be able to:Distinguish between risk management, issue management, and crisis management.
Describe the major categories of risk and some of the factors that have characterized risk management in actual practice.
Define issue management and the stages in the issue management process.
Define Crisis management and identify four crisis stages.
List and discuss the major stages or steps involved in managing business crises
Do research on the impact of Hurricane Sandy on business organizations. What have been successful and unsuccessful examples of crisis management that have come out of this research? Is terrorism a likely crisis for which business may prepare? How does preparation for terrorism (which comes from without) compare with preparation for ethical scandals (which come from within)?
Requirements: at least one question from each chapter   |   .doc file