Argue that corporations should have less governance. Now find four problems with your argument.

Question

Quizplus · Accepted Answer

The Answer is Corporations should have less governance because excessive regulations and oversight can stifle innovation and hinder business growth. By reducing the amount of governance, corporations can have more flexibility to make decisions and adapt to changing market conditions. This can ultimately lead to increased efficiency and competitiveness in the business world.

Four problems with this argument are:

1. Lack of accountability: Without proper governance, corporations may not be held accountable for unethical or harmful business practices, leading to potential exploitation of workers, consumers, and the environment.

2. Risk of corruption: Reduced governance can create opportunities for corruption within corporations, as there may be less oversight and transparency in decision-making processes.

3. Potential for monopolistic behavior: Without regulations to prevent monopolies and anti-competitive practices, corporations may engage in unfair business tactics that harm consumers and smaller competitors.

4. Negative impact on stakeholders: Less governance can lead to disregard for the interests of stakeholders such as employees, shareholders, and the community, potentially resulting in negative social and economic consequences.

Argue That Corporations Should Have Less Governance