本篇代写文章-股东理论讲了对于公司不应该参与支持一个社会问题，根据股东理论，公司必须主要关注利润，但是从长远来看，这样的公司是不会有可持续发展的。米尔顿•弗里德曼(Milton Friedman)提出的股东理论认为，企业的关键责任是增加利润。在提高其利润的背景下，作为股东代理人的管理层将不得不为了股东的利益而经营公司，并在道德上有义务遵循社会、法律和伦理的基本规则为大多数股东服务。本篇代写文章由新西兰第一论文 Assignment First辅导网整理，供大家参考阅读。
Shareholder Theory
Companies should not involve themselves in supporting a social issue and must focus mostly on profits according to the shareholder theory, but such companies would not have sustainable development in the long run. The shareholder theory as presented by Milton Friedman proposes that the key responsibility of the business is to increase their profits. In the context of improving their profits, the management as the agent of the shareholder will have to run the company for their benefits and will be morally obligated to serve the majority of the shareholders by conformance with basic rules of society, law and ethics (Tse, 2011). Now some critical questions that can be asked on the conduct of the Qantas CEO are whether their support of gay marriage falls under the interests of shareholders. Do all majority shareholders have interest in whether Qantas supports gay marriage? This becomes an issue under shareholder theory. Shareholder theory does make a claim on companies to work on the shareholder interests and follow such interests in a historic way. However, not getting involved in social issues like gay marriage and gay rights will not make the company fall within the greater interests of their shareholders. Companies might find it impossible to stay neutral in such situations and avoiding the risk of speaking out as CEO might even put the company into other greater risks. The company brand might be seen as acting complacent. Such a company might fall into a negative routine where they would be considered selfish. The main aim of CSR is to improve the company’s focus on their social, environmental and economic responsibilities. Therefore, when companies do not voice out their opinion on a social issue like gay marriage, then they stand the risk of being considered as purely profit minded. The negative aspects in following a very strict shareholder theory can be observed in such cases as Enron and Worldcom (Carson, 2003). The companies worked with the strict notion of improving profits only and this led to their demise. The continuous pressure that they suffered puts managers in situations where they manipulated company accounts to show better numbers. This led to betrayal of the very shareholders whose interests are protected by the company. Following shareholder theory blindly with no context of social issues as a broader upper mission/vision will led to the demise of the corporation. Voicing out their concerns vocally and extending support to what the company and CEO feel as being necessary are hence plus points for the brand. It makes the brand more human and less of a corporate entity that churns out profit only.
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