18 October 2017
The ethics of business; Luther at 500; Access to Communion; Saints galore; Change in the Church; Quality of mercy
The ethics of business
Clifford Longley (“It is facile to dismiss Labour’s nationalisation proposals as Marxist”, 7 October) is right in pointing out the range of “stakeholders” in modern business, but as someone who has been a director of both private and public companies, I have always had to recall that the board are appointed by the shareholders to look after their interests.
At business school, I was taught that the board has the responsibility to the shareholders for their short and long-term interests. In line with Catholic Social Teaching, that means balancing all the stakeholders’ desires and interests for the good of the company.
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