Ralph Nader, Mark Green, and Joel Seligman, in an excerpt from Taming the Giant Corporation (1976, found in Honest Work by Ciulla, Martin, and Solomon), take on the current role of the corporation's board of directors and suggest changes that should be contributed to making the board effective. They argue that the current composition of the board of directors does not necessarily do justice to the company because “in almost all large American corporations… a managerial autocracy exists” (Nader, Green, & Seligman, 1976, p. 570). The main resolution they present is to make the board more democratic with the improvement of the company as the first priority. The board currently no longer oversees operations or elects the company's top executives, and they are no longer involved in company operations to the extent they should be. Nadar, Green, and Seligman argue that all of these things need to change. For such a large corporation to succeed, there must be separation of powers just as there is in any current government system (p.571). They claim that this is the only and best way to succeed (Nader, Green, & Seligman, 1976, p.570-571). Nadar, Green and Seligman first want to change the initial election process. Their idea is that the board should be made up of all people who have never worked for the company whose board they will be on. There will be nine of these people and they will all be assigned tasks which will be discussed in the next paragraph. Each of them will also have a specific area of expertise related to the well-being of the company such as finances, customer relations, legal matters, etc. They particularly want directors to be democratically elected strictly by shareholders, and all the financing for c...... middle of paper......is being done. The overall idea that Nadar, Green, and Seligman present is that we need to allow the board to play its original role and remove the excessive amount of power currently held by the highest corporate executives. Their goal is to make corporations democratic just like the American system of government and to make everyone who participates in them accountable for the actions they take. Works Cited Goldman, A. (1983). The justification of advertising in a market economy. Honest work (pp. 299-303). New York, New York: Oxford University Press. Nadar, R., Green, M., & Seligman, J. (1976). Who governs society? Honest work (pp. 570-575). New York, New York: Oxford University Press. Werhane, P., & Radin, T. (1995). Voluntary work and due process. Ethical theory and business (sixth edition ed., pp. 266-275). Upper Saddle River, New Jersey: Prentice Hall.
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