What is the relationship between corporate governance

and social responsibility?


. What is your opinion of Gap International’s having a code

of conduct for its suppliers? What would Milton Friedman say?

 Contrast his view with Archie Carroll’s view.


 Does a company have to act selflessly to be considered

socially responsible? For example, when building a new

plant, a corporation voluntarily invested in additional

equipment that enabled it to reduce its pollution emissions beyond any current laws. Knowing that it would be

very expensive for its competitors to do the same, the

firm lobbied the government to make pollution regulations more restrictive on the entire industry. Is this company socially responsible? Were its managers acting




. Are people living in a relationship-based governance system likely to be unethical in business dealings?


. Given that people rarely use a company’s code of ethics

to guide their decision making, what good are the