1. Corporation A, a publicly traded Fortune 500 fossil fuel company, has 200,000
ID: 355728 • Letter: 1
Question
1. Corporation A, a publicly traded Fortune 500 fossil fuel company, has 200,000 employees and an annual revenue of $5 billion. Recent government investigations have found that Corporation A’s activities are having a harmful effect on the environment and are contributing to global warming. If Corporation A adopts more eco-friendly practices, its revenue will decrease by $200 million and it will be forced to lay off 5,000 employees. What is the best way to induce Corporation A to curtail the activities contributing to global warming, in light of these facts? (Make reference to the article “Who Should Control the Corporation?” on pp. 231—243.)
Explanation / Answer
Corporation A is a strong company for the economic growth of the nation but on the other side it is contributing towards air pollution sends global warming which are more serious concerns for a nation. the government should work hand in hand with such companies to help them curtail such activities without effecting their revenue and manpower.govenrment should impose regulations on the use of such substances causing global warming for each company .in addition to this the company must put efforts to implement corporate social responsibility policies .employees must be motivated to put some extra efforts in their work while looking at the harmful side of such activities, proper training to existing employees is required to satisfy shareholders as well as contributing towards their social responsibility.
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