1. The primary argument for corporate social responsibility states that for business to have a healthy climate in which to operate in the future, it must take current action to assure its long-term viability. Is this long-range self-interest argument valid? Does it encompass all that society wants from business (i.e. should/could business do more)?

2. Stakeholder management does not specify how managers should view the function of stakeholders. Some view stakeholders as just additional groups to be managed for the benefit of the firm and its owners. Others view stakeholders as groups to whom the firm has certain responsibilities that are equally important to duties owed to owners. Discuss this issue and defend your stance.

3. The textbook says that when business power gets out of balance, other forces are brought to bear so that balance is restored. Name some of the other forces that are used to balance business power. Describe how effective each of those other forces is in combating business power.

4.Why are inside directors seen as problematic in corporate governance? What recommendations do you have to deal with these potential problems ?