Holistic Business Perspective - Book Report/Review Example

In the article, American Clean Energy and Security Act (ACES) is a bill that was formed to stop industries from releasing excess carbon dioxide to the environment. The European Nations have managed to minimize emissions of waste products to the environment since the year 2005. The American government has also come up with cap-and trade policy to protect the climate from the negative affluence from the industry (Johnson & Helena, 2011). 2. Boards Respond to Stakeholder Concerns The article shows how business ethics and social responsibilities protect the rights and freedoms of shareholders of a business organization.

The board members were forced to listen to complaints of their shareholders. Economic crisis has exerted pressure to members of the board especially the directors to handle with the shareholders grievances. The governance landscape is evolving and drastic changes are happening, hence board members are forced to work hard and come up with impeachable strategies. Stakeholders are requesting for executive compensation that comes from the board members. Business ethics requires that the directors of a business organization to take care of the shareholders concerns (Keller, 2011). 3. Say on Pay: Identifying Investor Concerns Shareowner votes on the executive compensation make headlines in the business world.

Ethics in business has played an eminent role in ensuring that shareholders are able to receive and enjoy the executive compensations. The US president, Mr. Barrack Obama signed a reform referred as the Dodd-Frank Wall Street Reform and Consumer Protection Act. The reform-required shareholders to be given powers to determine the amount of money the senior executives should be paid. Business ethics creates understandings and peace among the staff, shareholders, and administration (Yerger, 2011). 4. Study Finds Sustainable Companies ‘Significantly Outperform’ Financially In the article, a research had done by Harvard Business School showed that companies that had voluntary adopted business ethics and social responsibilitie