Mayer would implement his view of the corporation of the future by:. The ways in which corporations are encouraged to demonstrate commitment to purpose are in Prof. The foregoing and much more is set forth in a just-published, must-read book by Prof.
The Mayer proposal for corporate governance and the policy changes that are necessary to develop it will return corporations to long-term sustainable investment, combine profitable operations with adherence to ESG and CSR principles, and sharply reduce short-termism and activist attacks. Interestingly, on the same day as the British Academy program, the British Government agreed to amend the law to make it clear that pension plans have a fiduciary duty to protect long-term value by considering environmental risks of the companies in which they invest. The latter by voluntary action by corporations and investors, the former by legislation.
Interviews also feature Dr.
Samuel Epstein , who was involved in a lawsuit against Monsanto Company for promoting the use of Posilac , Monsanto's trade name for recombinant Bovine Somatotropin to induce more milk production in dairy cattle and Chris Barrett who, as a spokesperson for First USA , was the first corporately sponsored college student in America. The DVD version was released as a 2-disc set that includes following: . In , a new Canadian educational version was released for high school students. This "Occupy Your Future" version is exclusively distributed by Hello Cool World, who were behind the branding and grassroots outreach of the original film in four countries.
This version is shorter and breaks the film into three parts.
The Concept of the Corporation - John Kay
Film critics gave the film generally favorable reviews. The website's critical consensus reads, " The Corporation is a satisfyingly dense, thought-provoking rebuttal to some of capitalism's central arguments. In Variety October 1, , Dennis Harvey praised the film's "surprisingly cogent, entertaining, even rabble-rousing indictment of perhaps the most influential institutional model for our era" and its avoidance of "a sense of excessively partisan rhetoric" by deploying a wide range of interviewees and "a bold organizational scheme that lets focus jump around in interconnective, humorous, hit-and-run fashion.
In the Chicago Sun-Times July 16, , Roger Ebert described the film as "an impassioned polemic, filled with information sure to break up any dinner-table conversation," but felt that "at minutes, it overstays its welcome. The wise documentarian should treat film stock as a non-renewable commodity. The Economist review, while calling the film "a surprisingly rational and coherent attack on capitalism's most important institution" and "a thought-provoking account of the firm", calls it incomplete. It suggests that the idea for an organization as a psychopathic entity originated with Max Weber , in regards to government bureaucracy.
The reviewer remarks that the film weighs heavily in favor of public ownership as a solution to the evils depicted, while failing to acknowledge the magnitude of evils committed by governments in the name of public ownership , such as those of the Communist Party in the former Soviet Union  or by monarchies and the Church. An interview clip with psychiatrist Robert D. Hare appears for several minutes in The Corporation. A pioneer in psychopathy research whose Hare Psychopathy Checklist is used in part to "diagnose" purportedly psychopathic behavior of corporations in the documentary, Hare has since objected to the manner in which his work was presented in the film and the use of his work to bolster what he describes as the film's questionable thesis and conclusions.
In Snakes in Suits: When Psychopaths Go to Work ; co-written with Paul Babiak , Hare writes that despite claims by the filmmakers to him during production that they were using psychopathy metaphorically to describe "the most egregious" corporate misbehavior, the finished documentary obviously intends to imply that corporations in general or by definition are psychopathic, a claim that Hare emphatically rejects:.
To refer to the corporation as psychopathic because of the behaviors of a carefully selected group of companies is like using the traits and behaviors of the most serious high-risk criminals to conclude that the criminal that is, all criminals is a psychopath. Entrepreneur Media, Inc. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site both directly and through our partners.
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Further education corporations and sixth-form college corporations: governance guide
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