Question 1
Corporations can be unethical. Often this conduct occurs outside Australia’s jurisdiction. The
following is an example of how several compan
... [Show More] ies producing chocolate rely on child labour.
https://www.washingtonpost.com/graphics/2019/business/hershey-nestle-mars-chocolate-child-l
abor-west-africa/
1. What is the conduct that is unethical in this example?
● child labour
● poor work conditions
● under payments
● breach of human rights
2. Who is responsible for causing this type of behaviour?
● companies are ethically responsible
● governments are legally responsible to honour the human rights requirements
3. Who is responsible for preventing this type of behaviour?
● children themselves
● parents
● farmers
● consumers
● lawmakers & governments
● labour organisations
Question 2
Many corporations see fit to comment on social issues and one recent example has been
comment/commitment on climate change. One such example is Tesla as demonstrated from the
following Impact Report
https://www.tesla.com/ns_videos/tesla-impact-report-2019.pdf
1. Who is Tesla speaking to by taking this position on climate change?
2. Why would Tesla take such a position that goes beyond what the law may require?
● marketing exercise
Question 3
What 'Law in Context' issues are raised in the two examples of Nestle and Tesla above?
● Critically assess/analyse the position taken by Tesla and Nestle.
● What methods have been used to critically assess this initiative?
Theory
Sole
Trader
Partnership Joint
Venture
Trust Private
Company
Public
Company
Liability ~ unlimited ~ unlimited
~ jointly &
severly liable
~ limited to the
value of shares
that a
shareholder
agrees to buy
~ directors are
not exposed
unless they
breach their
duty
Tax
Succession
Cost to
Establish
Cost to Run
Regulation
Funding
Tute 2
Question 1
Andrew, Betty and Chris are venture business entrepreneurs. They have developed algorithms
that they believe could be translated into a high tech endeavour that could lower the inventory or
stock that a range of businesses would require. For the lucky buyers of the technology on offer
the prospect of an enhanced supply chain offered greater efficiency and thus higher profits
Andrew, Betty and Chris think long and hard and then decide to establish a business called Just
In Time. This business is the umbrella under which the technology on offer will be brought to
fruition and marketed to a cross range of businesses. Our budding tycoons are excited
particularly as the development capital costs are small. Everything is rosy but with the passage
of time the original hope of keeping capital costs to a minimum starts to look less optimistic.
Future expenditure and potential downside issues emerge. [Show Less]