"Corporations are bound by the law, and by the rules of what you might call ordinary decency. Beyond this however, they have no duty to pursue the collective goals of society." This statement exemplifies which approach?

Question

Quizplus · Accepted Answer

This statement reflects the shareholder model of corporate governance, which prioritizes maximizing shareholder value and considers the pursuit of collective goals of society to be beyond the scope of a corporation's responsibilities. The other options involve a consideration of broader stakeholder interests, ethical considerations, and a more holistic view of corporate governance.

"Corporations Are Bound by the Law, and by the Rules