Fall Analytic Essay Instructions Fall Analytic Essay (40%) Due: in last tutorial of fall semester. Length: about 3000 words. Topic : To whom are corporate managers morally responsible and in what...

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Fall Analytic Essay Instructions


Fall Analytic Essay (40%)



Due: in last tutorial of fall semester.

Length: about 3000 words.

Topic:

To whom are corporate managers morally responsible and in what respects?
Is their social responsibility to maximize returns to investors? Why/why not? Under what circumstances and subject to what conditions?


This is an analytic paper rather than a research paper: there is no need to consult materials outside of the assigned readings. You do need to discuss and refer to the relevant readings on the stakeholder-stockholder debate (i.e., materials for weeks 2-9). To do well you will need to be able to explain, in detail and in your own words, the logic of the arguments in the readings. You will need to explain how the arguments of the different readings relate and respond to one another as part of an on-going debate. The more readings you
effectively
incorporate in your analysis the better, BUT discussing many readings superficially just for the sake of increasing the number of articles you mention will tend to reduce rather than enhance your grade.
Two key points:
First, this paper should focus on
normative
analysis. A descriptive or positive account of how business works or what the law is will not meet the terms of the assignment. Facts will be relevant to your normative argument, but need to be connected to your thesis by normative warrants or premises. For example, that a company was established by its founders for the sole purpose of making money is not, in itself, a reason why it
ought
solely to seek that goal.

Second, you need to make an
argument. That means you need to defend a definite thesis. The thesis may be qualified and nuanced, but it should be clear what view you are for and why it is preferable to rival views. To make an effective argument you have to understand the relevant arguments for and against your thesis in the readings. Summarizing the readings is not the same thing as addressing (entering a dialogue with) their arguments, and expressing an opinion is not the same as arguing for a thesis. A paper that merely summarizes the readings, however accurately, with or without the interjection of personal opinions, will not get a high grade. Nor is a list of “pros and cons” an argument.
The substantive grading criteria are: depth and accuracy of comprehension; interest and cogency of critical analysis. Papers should be well organized and clearly written in proper academic style. For tips on writing analytic papers, and for a fuller sense of what I’m looking for, see: http://www.jimpryor.net/teaching/guidelines/writing.html

Grading Criteria










“A” Paper:

* Demonstrates clear, comprehensive grasp of the concepts and arguments in the material under discussion, including where relevant their relation to concepts and arguments in other course materials.
* Exposition focuses effectively on particular points for analysis, explained in the context of the argument as a whole and their relation to the broader debate.
*Analysis characterized by insightful, original and cogent critical engagement with arguments in the materials, in context of concepts and arguments from other course materials.
*Fluent, polished writing. Sentences are clear, accurate, uncluttered, economically organized, and precisely worded. Sentences are logically ordered and linked, so that the writing flows.

“B” Paper:

*Demonstrates solid understanding of the concepts and arguments in the materials under discussion, but may miss some subtleties
*Good exposition of main point(s) and key elements and structure of the argument in the materials under discussion.
*Analysis goes beyond exposition, to critical engagement with the arguments in the materials under discussion.
*Competently written. A few vague or awkward passages and/or minor grammatical or wording errors.




“C” Paper:

*Demonstrates some comprehension of the general positions or ideas in the readings under discussion, but hazy on arguments or reasoning.
*Point-by-point summary of material under discussion; no attention to the structured relationship among points, their relative importance (main vs. subordinate/supporting points), or their different roles in the argument (evidence, objection, response to objection, etc.).
*Underdeveloped analysis: mainly description of reading plus opinions regarding the general topic of reading, but doesn’t engage with the complex specifics of the arguments in the materials under discussion.
*Writing serviceable but awkward, rough or careless. Some grammatical, spelling and punctuation errors; frequent diction/word choice and sentence construction problems.
Uses vague or unnecessarily wordy round-about expressions.

“D” Paper:

*Confused about main points.
*Exposition haphazard, confusing, points taken out of context.
*No analysis, only description/ summary of the materials.
* Writing style so rough as frequently to obscure sense. Many grammatical errors.

“F” Paper:


* Does not address the assignment.
* If there is evidence of plagiarism, the university policy will be invoked.


Please star this essay with proper question of the argument, and you plan to support the argument and that question (introduction is very important).
Answered Same DayDec 22, 2021

Answer To: Fall Analytic Essay Instructions Fall Analytic Essay (40%) Due: in last tutorial of fall semester....

David answered on Dec 22 2021
120 Votes
Introduction
One of the most powerful entities is corporate. This is because they produce a major
volume of production in a country, provides employment to large population and is a significant
contributor to the development of the economy of a country (Porter & Kramer, 2006). They have
a significant role in contributing positively to the society by creating jobs, circulating wealth and
improving the social conditions and standard of living of the people (Porter & Kramer, 2006). In
spite of having the power, the success of the corporations depends on the opportunities they
identify and leverage upon in the impersonal market which forms a part of the
larger economy.
While the societies get benefitted by the corporations, the management of the corporate
traditionally works towards fulfilling the interests of the shareholders because they are the
owners of the company (Greenfield, 1998). According to the corporate law, the management of
the corporate is categorized as shareholders, directors and the C- level executives. Based on this
perspective, the directors act as the trustee of the property and wealth of the share holders. So
their primary responsibility is to protect the wealth of the shareholders and work towards
growing their wealth. With the kind of power that corporate have they can help in creating
phenomenal wealth for the larger society. But they can work in the other way and affect the
society as well.
Many researchers have highlighted that if the management focuses only to fulfill the
shareholders’ interests, they will adversely affect a host of non shareholders constituents
including the customers, employees, and the community at large (Greenfield, 1998). On the other
hand, the studies that have favored the shareholders’ interest above others have criticized
imposing responsibilities on management to consider non-shareholder constituents in the
strategic decisions of the corporation (Greenfield, 1998). Milton Friedman noted that expecting
corporate to take up is like a “subversive doctrine" (Magaro, 2010). His views ignored the fact
that considering the non-shareholder’s interests can actually help the company to improve
profitability and contribute to fulfilling the shareholder’s interests.
The objective of the assignment is to understand to who are corporate managers morally
responsible and in what respects, or whether the responsibility of managers is only to maximize
returns to the investors. The thesis statement is that the management of the corporations owes
responsibility towards the society as well and in their decision making they need to consider the
corporate social responsibility of the corporation. This will eventually benefit the society and the
shareholders in the long run. The assignment evaluates the management owes its responsibilities
to whom. Initially it will establish the reasons why the responsibility is solely towards the
corporation’s shareholders. In the following part it will establish the fact that considering the
interests of non-shareholders will add to the social benefits and also meet shareholder’s interest.
Several examples are used to reflect the real life practices of the corporations. In the last part it
argues that the law should impose guidelines on the management of corporations and the
management should give due importance to corporate social responsibility and consider the
interests of the shareholders and the stake holders and thus make an informed decision.
Responsibilities to whom: the battle between shareholders and stakeholders
According to what is understood by a fiduciary relationship, the fiduciary should act for
the interest of the beneficiary and avoid any activity that is in conflict to the beneficiary’s
interest. They owe a duty of loyalty. But the question arises that it is whose interest that is to be
taken care of by the corporations – is it only the duties to the shareholders or does the
management need to balance the interest of the shareholders as well as the other non shareholder
constituents or stakeholders. The answer to the question depends on whether corporate is
perceived as a private organization or is it considered to be associated with a public purpose
(Walsh, 2002). The question of the fiduciary duty was first raised by Merrick Dodd (Walsh,
2002) This created the stride in the direction of the perspective of corporation being considered
an economic institution which has responsibility of both making profits and serving the
society(Walsh, 2002). But for capitalism to grow and sustain, it is important that the corporate
ensures economic security of the employees (Duch & Keller, n.d.). It is evident that the corporate
would crumble if it does not consider both the economic and social aspects. The critics to this
idea found that it way much easy to say this theoretically but it would not be practically feasible.
It has often been argued that the present day society is an individualistic society which supports
only protecting of the private property and thus meeting shareholder’s interest would take
precedence (Magaro, 2010). There lacks contentious among the researchers on this argument.
From these arguments, two theories have been proposed - the shareholder wealth maximization
theory and the stakeholder theory.
A. The Shareholder Wealth Maximization Theory
Corporations are managed to fulfill the best interests of the ‘corporation’. According to
Model Business Corporation Act, a corporation is referred to as a reference encompassing ‘the
shareholder body’ (Walsh, 2002). This view requires the management and the directors to
maximize the shareholder’s wealth. This requires the efforts and energy of the directors to be
dedicated to earning profits for the shareholders. This view was supported in the settlement of
lawsuits like Unocal Corp. v. Mesa Petroleum Co., Revlon, Inc. v. MacAndrews & Forbes
Holdings, Inc. etc. The two primary reasons why the proponents of primacy of shareholders’
interest support this theory are as below. Firstly, the stakeholders are the owners of the corporate
and there exists the relationship of principal and agent between the shareholders and
management of the corporation. Secondly, the shareholders are the claimants of the surplus
income of a corporate as dividends.
B. The Stakeholder Theory
The stakeholder theory holds that the responsibilities of the management are not only
towards that of the shareholders but also the other stakeholders whose interests are affected by
the decisions of the management of the...
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