Corporations: Individual Profit Wthout Individual Responsibility Essay examples

Corporations: Individual Profit Wthout Individual Responsibility Essay examples

Length: 1467 words (4.2 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

Corporations, presently, are legal citizens in the United States. This legal citizenship guarantees all Corporations many of the legal rights that natural born citizens can enjoy with limited consequences for their actions. Presently since the law sees Corporations as “artificial citizens” many of the punishments for crimes committed by a Corporation are essentially null and void since these entities cannot cordially be punished for committing a crime as a physically living human can.
Firstly before delving into the complex interwoven legalities of Corporations it is imperative to know what a Corporation is and what separates it from another form of business i.e. a partnership, trust or a hybrid of both. The main difference between a Corporation and every other business type is that a Corporation is a legal entity that is independant from the people that own it (shareholders) and the people that control it (Board of Directors). Essentially a Corporation is a separate entity that can be taxed, enter contracts, collect debt, and conduct business separate from its owners. Another major difference is that when the owners of the Corporation die the company does not dissolve since it is separate from its shareholders/owners.
Though in order to be listed as an American Corporation the business must first meet a list of requirements. These requirements are that the company must have a quorum, 75 percent, of American investors, directors, and the CEO must be a citizen of the U.S. (United States Code: Title 46a,802. Corporation, Partnership, or Association as Citizen | LII / Legal Information Institute). These requirements are fairly easy for a business to attain and maintain.
A prime example of a Corporation eluding the law and its pu...

... middle of paper ...

...The Policy Institute. N.p., 20 Nov. 2012. Web. 06 May 2014.>.
Clark, Josh. "Why do corporations have the same rights as you?" How Stuff Works. How Stuff
Works, 01 April 2008. Web. 07 May 2014. -person.htm>.
"United States Code: Title 46a,802. Corporation, Partnership, or Association as Citizen | LII / Legal
Information Institute." United States Code: Title 46a,802. Corporation, Partnership, or Association as Citizen | LII / Legal Information Institute. United States of America, n.d. Web. 08 May 2014. 00000802----000-.html>.
"U.S. Food and Drug Administration." Recalls, Market Withdrawals, & Safety Alerts. United States
Food and Drug Administration, n.d. Web. 08 May 2014. ecalls/default.htm>.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

How Freedom And Responsibility Affect Individuals And Society Essay

- There exists a direct correlation between the increase in individual freedom and responsibility. Eleanor Roosevelt once said, “Freedom makes a huge requirement of every human being and with freedom comes responsibility. For the person who is unwilling to grow up, the person who does not want to carry is own weight, this is a frightening prospect”. When people are given more freedom, their level of assumed responsibility increases. This is inevitable in the contemporary American society. According to Merriam- Webster dictionary freedom is defined in many different ways, including; liberation from slavery, the quality of being frank, open, or outspoken, or the unrestricted use of....   [tags: Individual, Individual rights, Responsibility]

Powerful Essays
1619 words (4.6 pages)

Corporate and Individual Social Responsibility Essay

- Social responsibility is a moral principle of an entity, be it an organisation or individual, to act towards betterment of society at large. It is a duty that every firm and individual should perform so as to maintain the balance between the environment and economy. Their actions should lead towards sustainable development so as to safeguard the interests of the coming generations and at the same time fulfilling the needs of present population. The responsibility can be active, by performing activities that directly advance social goals, or passive, by avoiding any engagement in socially harmful act....   [tags: Social Responsibility Essays]

Free Essays
372 words (1.1 pages)

The Rights And Responsibility : Katharine J. Looker And Timothy B. Hallett 's Article, Individual Freedom

- There has been a concern in America that there is a conflict between individual rights and collective or personal responsibility. People believe they have certain constitutional rights that allow them to make their own decisions. But when they decide to make decisions that directly affect another person’s well-being, there becomes an issue. In “Rights and Responsibility” there will be a discussion over recent topics involving the summary of three articles and explanations of passed legislature relating to the issues between personal rights and responsibilities....   [tags: Responsibility, Individual responsibility]

Powerful Essays
858 words (2.5 pages)

The Responsibility of the Individual to the Community Essay

- More than a destination at the end of the day, a community is a place people feel at home and a place where people want to feel safe at. Community responsibilities area unit a personality's duties or obligations to the community and embody cooperation, respect and participation. The thought goes on the far side thinking and acting as people to common beliefs concerning shared interests and life. A basic community responsibility is voting in elections. Being socially accountable means folks and organizations should behave ethically and with sensitivity toward social, cultural, economic and environmental problems....   [tags: Social Responsibility]

Powerful Essays
1162 words (3.3 pages)

Our Individual Social Responsibility Essay

- Individual Social Responsibility is a moral belief where we as individuals, have a responsibility toward society. Being "socially responsible" is about all individuals behaving ethically and sensitively towards social, economic, and environmental issues. It is about being accountable for our actions and being conscious of the impact your actions have on others, our communities, and the environment. By taking an active participation in resolving some of the issues, we as individuals should all strive to set good examples by applying and adhering to socially responsible practices, such as improving the quality of lives for individuals and their families, volunteer energy and time towards impro...   [tags: Personal Social Responsibility, PSR]

Powerful Essays
423 words (1.2 pages)

Essay about The Responsability of a Corporation to Provide for the Host Country

- Several multinational corporations have been criticized by activists for their inadequate social responsibilities while operating in the global context. A number of multinational corporations along with their shareholders embrace the ethical egoist perspective of ethics when trying to compete with other corporations globally. In this essay, I will argue that any multinational corporation who decides to operate in the global context must have positive obligations to promote just background institutions....   [tags: csr, social responsability, moral reasoning]

Powerful Essays
2003 words (5.7 pages)

Essay about Social and Individual Responsibility in Frankenstein

- Social and Individual Responsibility in Frankenstein   Mary Shelly wrote Frankenstein in a time of wonder. A main wonder was whether you could put life back into the dead. Close to the topic of bringing life back into the dead was whether you could create your own being, like selective breeding but a bit more powerful. Close to where Mary lived there was a man named Vultair was experimenting putting electricity through Frogs to see if they could come back to life. With that going on close to her as well as the fear of a revolution and the pressure on her to think of a ghost story it is not surprising she thought of a horror story that would still be popular in the 21st Century....   [tags: Social Responsibility in Frankenstein]

Free Essays
1089 words (3.1 pages)

Personal Statement On Non Profit Organizations Essay

- ... So when I went to the nonprofit career website and looked through the job listing, there were many that I was interested in but only a couple that I could actually see myself doing. The first job that stuck out to me was an organizer, I found this job to be interesting because, everything in my life has to have organization to it, and that includes my job. Chapter 15, of the Bobo book discusses in detail about online organization, I myself use technology to stay organized whether it be my phone, Ipad, or Laptop....   [tags: Non-profit organization, Management]

Powerful Essays
703 words (2 pages)

Using Corporate Social Responsibility to Make Profit is Wrong Essay

- This paper will argue that strategic use of corporate social responsibility by corporation merely to make profit is wrong. Corporate Social Responsibility also known as “CSR” is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis (“Commission”). Corporation ought not to use CSR solely to make profit because they violate the primary function of the CSR which is hold themselves accountable for the social, ethical and ecological impact of their business practices....   [tags: management, business, ehtics]

Powerful Essays
1090 words (3.1 pages)

Essay about Microsoft Supports Non Profit Organizations

- This teaches next generation to think about problems in certain ways in the every early stage like breaking apart the code, components and see the results, step by step. Such thinking helps in any field irrelevant of any computer used or not. Microsoft supports non-profit organizations by launching 'Tech Talent for Good program ' to solve technical problems. Microsoft allows its employees to use their skills to solve community issues (Microsoft Corporate Citizenship news, 2015). Reported stakeholder view of programs and actions of the company Microsoft brings creativity and innovation using different perspectives of an organizational asset by collaborating with various cultural values and...   [tags: Corporate social responsibility]

Powerful Essays
1142 words (3.3 pages)