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EXPERTS ADVISORY
Corporate governance.
This is an extensive, technical phrase denoting the frameworks and regulations that enable a corporation to function with responsibility, openness, and equity.
Nevertheless, how do executives steer through this during political and environmental hurdles? How do they maintain their integrity amid changing societal climates, or adapt when changes are necessary?
On the most recent episode of Business & Society, three scholars from the University of Michigan’s Ross School of Business examine the idea of corporate governance through their unique research perspectives.
Cindy Schipani, associate professor of business law, researches insider trading and charitable contributions alongside their consequential damages.
“Certain companies acknowledge that it is beneficial for shareholders to also take into account the interests of their personnel, the communities, and the environment,” Schipani remarked. “Such companies typically discover that their employees exhibit greater productivity. Customers may be more inclined to purchase their goods and services.
“Conversely, detrimental policies, like poor labor and environmental practices, could provoke boycotts and legal actions. Organizations with robust leadership and a strong ethical foundation often understand this.”
Contact: [email protected]
Norm Bishara, professor of business law and ethics, investigates work through the lens of information exchange and the knowledge economy.
“I believe it’s crucial now more than ever to concentrate on the mission of education and knowledge creation, and on fostering that value effectively,” he stated. “This entails ensuring students encounter a variety of concepts for critical evaluation of options. These are the competencies that will endure throughout their professions and will hold significance in the future job landscape.”
Contact: [email protected]
Andy Hoffman, professor of sustainable enterprise, examines the influence of policies on fostering sustainability and how businesses can impact those policies.
“Many businesses are actively working to lower their carbon emissions,” he noted. “While that’s commendable, the most significant effect a company can have in combating climate change is endorsing policies that compel the market to shift in that direction.”
Contact: [email protected]
Business & Society is co-produced by JT Godfrey of the Ross School of Business and Jeff Karoub of Michigan News. The audio engineer is Jonah Brockman and editorial production is managed by Mads Henke. Listen to all podcast episodes.
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