LECTURE NOTES: INTERESTS OF SHAREHOLDERS AND BUSINESS ETHICS
I. Introduction
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Discussion of minority shareholders' interests and their focus on short-term gains.
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Emphasis on the importance of balancing dividends and capitalizing profits.
II. Business Ethics Principles for Majority Shareholders A. Balanced Dividend
Policy
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Acknowledging the financial interests of minorities.
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Implementing a dividend policy that considers both short and long-term perspectives.
B. Collaborative Motivation for Managers
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Recognizing the interests of managers.
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Developing motivation strategies with the board of directors to prevent misuse of
power.
C. Strengthening Board Professionalism
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Advancing board professionalism and independence.
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Optimally formulating and endorsing ethical standards through an empowered board.
D. Supervision of Ethical Standards
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Ensuring the board oversees the establishment of ethical guidelines.
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Active involvement in setting ethical directions within the company.
III. Business Ethics Principles for Minority Shareholders A. Responsible Exercise
of Rights
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Exercising shareholder rights responsibly to uphold company interests.
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Avoiding actions that compromise the company's well-being.
B. Confidentiality and Trade Secrets
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Respecting the confidentiality of company information.
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Refraining from disclosing proprietary trade secrets.
C. Holding Major Players Accountable
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Demanding ethical compliance from major shareholders, directors, and managers.
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Upholding ethical standards through collective expectations.
IV. Role of the Board of Directors
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Highlighting the role of directors in reconciling shareholder and managerial interests.
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Stressing the need for genuine independence and separation from stakeholders.