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Business Ethics

The Ethical Revolution of Minority Shareholders

  • Book
  • © 2005

Overview

Authors:
  1. Jacques Cory

    1. Transparency International Israel and The Society for Business Ethics, Israel

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  • Presents an exploration of the relatively new subject of business ethics and governance relationships as they affect minority shareholders
  • Helps improving the ethical conduct towards minority shareholders, who are very often wronged by the controlling shareholders and their companies
  • Has a pioneer value, being probably the first one to tackle the subject by a businessman with great experience in international business
  • Includes supplementary material: sn.pub/extras

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction

    Pages 1-6

  3. The Inefficient Safeguards of the Minority Shareholders

    Pages 7-19

  4. The Attitude of Society

    Pages 21-25

  5. The Excessive Privileges of the Majority Shareholders

    Pages 27-35

  6. Internet and Transparency as Ethical Vehicles

    Pages 37-46

  7. Ethical Funds

    Pages 47-60

  8. Activist Associations, ‘Transparency International’, ‘Adam’

    Pages 61-75

  9. Case Study of the French Company Loskron

    Pages 77-93

  10. Case Study of the Israeli/American Company Furolias

    Pages 95-136

  11. Case Study of the Israeli Companies Erinsar and Soktow

    Pages 137-184

  12. Case Study of the American Company Mastoss

    Pages 185-226

  13. Class Actions

    Pages 227-231

  14. 36 Laws of Wrongdoing to Minority Shareholders in Unethical Companies

    Pages 233-236

  15. Conclusion

    Pages 237-242

  16. Back Matter

    Pages 243-269
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Keywords

About this book

“Morten: And what are we going to do, when you have made liberal-minded and high-minded men of us? Dr. Stockman: Then you shall drive all the wolves out of the country, my boys!” (Ibsen, An Enemy of the People, Act V) The theoretical and empirical research of this book describes how the traditional safeguards of the rights of minority shareholders have failed in their duty and how those shareholders have remained practically without any protection against the arbitrariness of the companies and majority shareholders. The law, the SEC, society, boards of directors, independent directors, auditors, analysts, underwriters and the press have remained in many cases worthless panaceas. Nevertheless, in the Ethics of 2000 new vehicles have been developed for the protection of minority shareholders, mainly the Internet, transparency, activist associations and ethical funds. Those vehicles give the shareholders at least the chance to understand the pattern and methods that are utilized to wrong them and give them a viable alternative for investment in ethical funds. The new vehicles will prevent minority shareholders from using the Armageddon weapon, by ceasing to invest in the stock exchange and causing the collapse of the system, that discriminates against them.

Authors and Affiliations

  • Transparency International Israel and The Society for Business Ethics, Israel

    Jacques Cory

Bibliographic Information

  • Book Title: Business Ethics

  • Book Subtitle: The Ethical Revolution of Minority Shareholders

  • Authors: Jacques Cory

  • DOI: https://doi.org/10.1007/b100414

  • Publisher: Springer New York, NY

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Springer-Verlag US 2005

  • Hardcover ISBN: 978-0-7923-7300-1Published: 31 March 2001

  • Softcover ISBN: 978-0-387-23040-5Published: 09 November 2004

  • eBook ISBN: 978-0-387-23231-7Published: 16 January 2006

  • Edition Number: 1

  • Number of Pages: VIII, 269

  • Topics: Business Ethics, Ethics, Finance, general, Management

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