A comparison of Japanese and U.S. corporate financial accountability and its impact on the responsibilities of corporate managers

Article Abstract:

The feasibility of U.S. corporations adapting Japanese financial practices for encouraging managers to promote the interests of their organizations over those of stockholders is analyzed. This is done within the framework of each country's contemporary corporate financial structure and financial responsibilities. A further discussion on whether each system's values affects the U.S. ability to encourage a more corporate-oriented ethic in managers by adopting Japanese financial practices, points out the problems and limitations involved.

United States, Japan, Corporations, Observations, Corporate culture, Business economics, Managerial economics, Corporations, Japanese

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Trust, accountability, and sales agents' dueling loyalties

Article Abstract:

The straight-commission compensation system can cause a direct conflict of interest between the sales agent's and the client's needs. Despite this inherent problem, the present mechanisms of accountability are insufficient to assure straight-commissioned agents' fiduciary duties to their clients. To address this concern, effective accountability mechanisms based on trust, agency theory and moral duty are proposed.

Liability (Law), Legal liability, Commissions (Compensation), Commissions (Fees)

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Review of 'Defining Moments: When Managers Must Choose Between Right and Right.'

Article Abstract:

Joseph L. Badaracco Jr's book 'Defining Moments: When Managers Must Choose Between Right and Right' deals with the most difficult issues in business ethics. He draws largely from literature, philosophy and ethical theory to provide a realistic decision-making model for such problems. An illuminating account of the ethical reasoning process that would be helpful to decision makers results from Badaracco's analysis.

Decision-making, Decision making, Executives, Criticism and interpretation, Bibliography, Defining Moments: When Managers Must Choose Between Right and Right (Book), Badaracco, Joseph L., Jr.

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