Asked by Sarah Bowers on Sep 26, 2024
Verified
From a legal perspective, corporations are not required to serve the public interest because they are purely private rather than social institutions.
Legal Perspective
This term involves looking at situations, issues, or concepts from the standpoint of laws and legal principles.
Public Interest
The welfare or well-being of the general public, often used as a consideration in law, policy-making, and public projects.
- Evaluate the statutory obligations of corporations in relation to public interest and engagement with stakeholders.
Verified Answer
SS
SIMPLE strikerabout 7 hours ago
Final Answer :
False
Explanation :
Corporations, especially those that are publicly traded, have a responsibility to their shareholders and may also be subject to regulations and laws that require them to consider the public interest, such as environmental laws and regulations that protect consumers.
Learning Objectives
- Evaluate the statutory obligations of corporations in relation to public interest and engagement with stakeholders.
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