Reasonable Entrepreneurial Risk: Behavioural Criteria for Corporate Managers

This paper discusses the essence of the entrepreneurial risk, ethical and legal standards, which must be adhered to by the head of a commercial organisation. In the Russian legislation, there is debate concerning the boundaries of the responsibilities of the corporate manager. Existing literature doesn't contain many studies about the norms on the responsibility of persons authorised to act on behalf of a legal entity because it is new for Russian civil legislation, which shows the novelty of this study. We identify problematic aspects that arise both in the doctrine and judicial practice regarding the determination of the criteria of good faith and reasonable behaviour of the head of the corporation. Our study examines the legal nature of entrepreneurial risk and how it affects the formation of managerial decisions. As a result, we propose a basic model of the criteria for the good behaviour of a corporate manager within a reasonable entrepreneurial risk.

Juridical Study on the Corporate Criminal Liabilities for Money Laundering Criminal Action with the Defendant Labora Sitorus (A Study on the Decision on Appeal Number: 1081 K/Pid.Sus/2014)

Corporate Crime nowadays is not only committed by people who are in the organization structure but also by people who are not listed in the organization. Based on the Decree no.1081K/PID. SUS/2014, Supreme Court provides an interpretation on the corporate director outside the organization’ structure. Supreme court subjected punishment against LS since he was considered as the corporate controller, although he is not listed on the organizational structure. The problem with LS as the personnel of Corporate manager although he was not listed on the organization structure is by the evidence that all money from the selling and shipping transaction of illegal oil fuel comes in LS’ bank account, and in fact, all the decision making of the corporation is authorized by LS. Whereas, by right, LS did not act as the manager of the corporation. This fact showed that the directing mind and will of that corporation is LS. The management of the corporation such as the boards of the directors are only the “puppets” to commit LS’ criminal act. Keywords: Punishment, Money Laundering, Corporation

The Fourth Wave: The Ethics of Corporate Downsizing

While the business ethics literature has devoted a tremendous amount of discussion in recent years to the question of whether the corporate manager has obligations to parties other than shareholders, it has failed to apply any of its insights to particular ethical concerns. This leaves the corporate manager with almost no guidance for resolving particular dilemmas he or she encounters. I bridge the gulf between theory and practice by focusing on the issue of corporate downsizing. I argue that corporate downsizing is, in many instances, morally contentious.