{"id":311,"date":"2014-05-13T17:45:24","date_gmt":"2014-05-13T17:45:24","guid":{"rendered":"http:\/\/opentextbc.ca\/strategicmanagement\/?post_type=chapter&#038;p=311"},"modified":"2019-07-02T23:20:16","modified_gmt":"2019-07-02T23:20:16","slug":"conclusion-10","status":"publish","type":"chapter","link":"https:\/\/opentextbc.ca\/strategicmanagement\/chapter\/conclusion-10\/","title":{"raw":"Conclusion","rendered":"Conclusion"},"content":{"raw":"This chapter explains the role of boards of directors in the corporate governance of organizations such as large, publicly traded corporations. Wise boards work to manage the agency problem that creates a conflict of interest between top managers such as CEO and other groups with a stake in the firm. When boards fail to do their duties, numerous scandals may ensue. Corporate scandals became so widespread that new legislation such as the Sarbanes-Oxley Act of 2002 and C-SOX have been developed with the hope of impeding future actions by executives associated with unethical or illegal behaviour. Finally, firms should be aware of generational influences as well as other biases that may lead to poor decisions.\r\n<div class=\"textbox textbox--exercises\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Exercises<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n<ol>\r\n \t<li>Divide your class into four or eight groups, depending on the size of the class. Each group should select a different industry. Find positive and negative examples of corporate social performance based on the dimensions used by KLD.<\/li>\r\n \t<li>This chapter discussed Olibert\u00e9 shoes. What other opportunities exist to create new organizations that serve both social and financial goals?<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n<h1>Attributions<\/h1>\r\n<strong><a id=\"figure10-3\" href=\"\/strategicmanagement\/chapter\/boards-of-directors#f10.3\">Figure 10.3:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hopital_Shriners_pour_enfants_-_Canada_de_Montreal_-_Site_Glen_01.JPG\">Hopital Shriners pour enfants \u2013 Canada de Montreal \u2013 Site Glen 01<\/a> by Jeangagnon (http:\/\/commons.wikimedia.org\/wiki\/File:Hopital_Shriners_pour_enfants_-_Canada_de_Montreal_-_Site_Glen_01.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"http:\/\/www.flickr.com\/photos\/creative_tools\/4295718895\/\">CreativeTools.se \u2013 PackshotCreator \u2013 Ben&amp;Jerry\u2019s Cookie Dough<\/a> by Creative Tools (http:\/\/www.flickr.com\/photos\/creative_tools\/4295718895\/) used under <a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Canada_post_RHD.jpg\">Canada Post RHD<\/a> by Radagast (http:\/\/commons.wikimedia.org\/wiki\/File:Canada_post_RHD.jpg) is in the Public Domain (third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Chadian_flag.svg\">Nuvola Chadian flag<\/a> by Antigoni (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Chadian_flag.svg) is in the Public Domain (fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Facebook_Headquarters_Menlo_Park_detail.jpg\">Facebook Headquarters Menlo Park detail<\/a> by Soerfm (http:\/\/commons.wikimedia.org\/wiki\/File:Facebook_Headquarters_Menlo_Park_detail.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth)\r\n\r\n<strong><a id=\"figure10-4\" href=\"\/strategicmanagement\/chapter\/boards-of-directors#f10.4\">Figure 10.4:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pirate_02.JPG\">Pirate 02<\/a> by Raphodon (http:\/\/commons.wikimedia.org\/wiki\/File:Pirate_02.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pirate-ship.svg\">Pirate-ship<\/a> by mystica (http:\/\/commons.wikimedia.org\/wiki\/File:Pirate-ship.svg) is in the Public Domain (second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chess_piece_-_White_knight.JPG\">Chess piece \u2013 White knight<\/a> by MichaelMaggs (http:\/\/commons.wikimedia.org\/wiki\/File:Chess_piece_-_White_knight.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_030717-N-9693M-002_A_U.S._Army_Golden_Knight_parachute_team_member_turns_his_parachute_in_preparation_for_landing_at_the_U.S._Air_and_Trade_Show.jpg\">US Navy 030717-N-9693M-002 A U.S. Army Golden Knight parachute team member turns his parachute in preparation for landing at the U.S. Air and Trade Show<\/a> by Photographer's Mate 2nd Class Damon J. Moritz (http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_030717-N-9693M-002_A_U.S._Army_Golden_Knight_parachute_team_member_turns_his_parachute_in_preparation_for_landing_at_the_U.S._Air_and_Trade_Show.jpg) is in the Public Domain (fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Skull_and_crossbones.svg\">Skull and crossbones<\/a> by Unknown (http:\/\/commons.wikimedia.org\/wiki\/File:Skull_and_crossbones.svg) is in the Public Domain (fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Human-emblem-mail-green-128.png\">Human-emblem-mail-green-128<\/a> by Hucz (http:\/\/commons.wikimedia.org\/wiki\/File:Human-emblem-mail-green-128.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(sixth)\r\n\r\n<strong><a id=\"figure10-5\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.5\">Figure 10.5:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:New_York_Police_Officer.jpg\">New York Police Officer<\/a> by See-ming Lee (http:\/\/commons.wikimedia.org\/wiki\/File:New_York_Police_Officer.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/duckiemonster\/2219220078\/\">Duckie Monster<\/a> by Unknown (https:\/\/www.flickr.com\/photos\/duckiemonster\/2219220078\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:20111013-OC-UNK-0003_-_Flickr_-_USDAgov.jpg\">20111013-OC-UNK-0003 - Flickr \u2013 USDAgov<\/a> by U.S. Department of Agriculture (http:\/\/commons.wikimedia.org\/wiki\/File:20111013-OC-UNK-0003_-_Flickr_-_USDAgov.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(third);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/86530412@N02\/8213432552\/\">3D Judges Gavel<\/a> by <a href=\"http:\/\/www.stockmonkeys.com\/\">Chris Potter<\/a> (https:\/\/www.flickr.com\/photos\/86530412@N02\/8213432552\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Can-vote-stub.svg\">Can-vote-stub<\/a> by Roux (http:\/\/commons.wikimedia.org\/wiki\/File:Can-vote-stub.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Helping_the_homeless.jpg\">Helping the homeless<\/a> by Ed Yourdon (http:\/\/commons.wikimedia.org\/wiki\/File:Helping_the_homeless.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(sixth)\r\n\r\n<strong><a id=\"figure10-6\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.6\">Figure 10.6:<\/a>\r\n<\/strong><a href=\"http:\/\/en.wikipedia.org\/wiki\/File:21rampell.xlarge1.jpg\">Charles Ponzi (August 1920)<\/a> by Richard Arthur Norton (http:\/\/en.wikipedia.org\/wiki\/File:21rampell.xlarge1.jpg) is in the Public Domain (first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pyrite_Fools_Gold_Macro_1.JPG\">Pyrite Fools Gold Macro 1<\/a> by \u201cJon Zander (Digon3)\u201d (http:\/\/commons.wikimedia.org\/wiki\/File:Pyrite_Fools_Gold_Macro_1.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:SNC-Lavalin,_Montreal_2005-09-02.JPG\">SNC-Lavalin, Montreal 2005-09-02<\/a> by Gene.arboit (http:\/\/commons.wikimedia.org\/wiki\/File:SNC-Lavalin,_Montreal_2005-09-02.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nortel04.jpg\">Nortel04<\/a> by Bjoertvedt (http:\/\/commons.wikimedia.org\/wiki\/File:Nortel04.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Logging_(8692551051).jpg)\">Logging (8692551051)<\/a> by Coconico National Forest (http:\/\/commons.wikimedia.org\/wiki\/File:Logging_(8692551051).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:BernardMadoff.jpg\">BernardMadoff<\/a> by U.S. Department of Justice (http:\/\/commons.wikimedia.org\/wiki\/File:BernardMadoff.jpg) is in the Public Domain (sixth)\r\n\r\n<strong><a id=\"figure10-7\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.7\">Figure 10.7:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:SarbanesOxley.jpg\">SarbanesOxley<\/a> by Adam sk (http:\/\/commons.wikimedia.org\/wiki\/File:SarbanesOxley.jpg) is in the Public Domain (first);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/cbpphotos\/11853767103\/\">CBP Officers seize $409,000 in Unreported Currency<\/a> by U.S. Customs and Border Protection (https:\/\/www.flickr.com\/photos\/cbpphotos\/11853767103\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Flags-of-usa-and-canada.jpg\">Flags-of-usa-and-canada<\/a> by Makaristos (http:\/\/commons.wikimedia.org\/wiki\/File:Flags-of-usa-and-canada.jpg) is in the Public Domain (third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Budget_Debate_2011_(5601686862).jpg)\">Budget Debate 2011 (5601686862)<\/a> by Colorado Senate GOP (http:\/\/commons.wikimedia.org\/wiki\/File:Budget_Debate_2011_(5601686862).jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fourth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Piggybanksvg.svg\">Piggybanksvg<\/a> by Googleaseerch (http:\/\/commons.wikimedia.org\/wiki\/File:Piggybanksvg.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:E-ticker.jpg\">E-ticker<\/a> by klip game (http:\/\/commons.wikimedia.org\/wiki\/File:E-ticker.jpg) is in the Public Domain (sixth)\r\n\r\n<strong><a id=\"figure10-8\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.8\">Figure 10.8:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:50-60_jaar_Chiro_20.09.2008_087.jpg\">50-60 jaar Chiro 20.09.2008 087<\/a> by Nousefreak (http:\/\/commons.wikimedia.org\/wiki\/File:50-60_jaar_Chiro_20.09.2008_087.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Warning_sign_font_awesome.svg\">Warning sign font awesome<\/a> by Dave Gandy (http:\/\/commons.wikimedia.org\/wiki\/File:Warning_sign_font_awesome.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Diversity_(10314223086).jpg)\">Diversity (10314223086)<\/a> by Oregon Department of Transportation (http:\/\/commons.wikimedia.org\/wiki\/File:Diversity_(10314223086).jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(third);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/rogerblackwell\/14689219208\">Firefighters continue their strike to protect their pensions at Earlham Fire Station, Norwich<\/a> by Roger Blackwell (https:\/\/www.flickr.com\/photos\/rogerblackwell\/14689219208\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (fourth);\r\n\r\n<a href=\"http:\/\/freestock.ca\/signs_symbols_g43-nuclear_grunge_sign__sepia_p1712.html\">(Nuclear Grunge Sign \u2013 Sepia<\/a> by Nicolas Raymond (http:\/\/freestock.ca\/signs_symbols_g43-nuclear_grunge_sign__sepia_p1712.html) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fifth);\r\n\r\n<a href=\"https:\/\/www.flickr.com\/photos\/triviaqueen\/4925033319\/\">pocketchange<\/a> by Cheryl DeWolfe (https:\/\/www.flickr.com\/photos\/triviaqueen\/4925033319\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (sixth)\r\n\r\n<strong><a id=\"figure10-12\" href=\"\/strategicmanagement\/chapter\/understanding-thought-patterns-a-key-to-corporate-leadership#f10.12\">Figure 10.12:<\/a>\r\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:First_man_on_the_moon.jpg\">First man on the moon<\/a> by --Nightflier (http:\/\/commons.wikimedia.org\/wiki\/File:First_man_on_the_moon.jpg) is in the Public Domain (first);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Baby_on_Back.jpg\">Baby on Back<\/a> by Elnaz6 (http:\/\/commons.wikimedia.org\/wiki\/File:Baby_on_Back.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(second);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Guitar_player.jpg\">Guitar player<\/a> by Nat Ch Villa (http:\/\/commons.wikimedia.org\/wiki\/File:Guitar_player.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (third);\r\n\r\n<a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Przyk%C5%82ad_selfie.png\">Przyk\u0142ad selfie<\/a> by Krazyjordan7 (http:\/\/commons.wikimedia.org\/wiki\/File:Przyk%C5%82ad_selfie.png) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> (fourth)","rendered":"<p>This chapter explains the role of boards of directors in the corporate governance of organizations such as large, publicly traded corporations. Wise boards work to manage the agency problem that creates a conflict of interest between top managers such as CEO and other groups with a stake in the firm. When boards fail to do their duties, numerous scandals may ensue. Corporate scandals became so widespread that new legislation such as the Sarbanes-Oxley Act of 2002 and C-SOX have been developed with the hope of impeding future actions by executives associated with unethical or illegal behaviour. Finally, firms should be aware of generational influences as well as other biases that may lead to poor decisions.<\/p>\n<div class=\"textbox textbox--exercises\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Exercises<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<ol>\n<li>Divide your class into four or eight groups, depending on the size of the class. Each group should select a different industry. Find positive and negative examples of corporate social performance based on the dimensions used by KLD.<\/li>\n<li>This chapter discussed Olibert\u00e9 shoes. What other opportunities exist to create new organizations that serve both social and financial goals?<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<h1>Attributions<\/h1>\n<p><strong><a id=\"figure10-3\" href=\"\/strategicmanagement\/chapter\/boards-of-directors#f10.3\">Figure 10.3:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Hopital_Shriners_pour_enfants_-_Canada_de_Montreal_-_Site_Glen_01.JPG\">Hopital Shriners pour enfants \u2013 Canada de Montreal \u2013 Site Glen 01<\/a> by Jeangagnon (http:\/\/commons.wikimedia.org\/wiki\/File:Hopital_Shriners_pour_enfants_-_Canada_de_Montreal_-_Site_Glen_01.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"http:\/\/www.flickr.com\/photos\/creative_tools\/4295718895\/\">CreativeTools.se \u2013 PackshotCreator \u2013 Ben&amp;Jerry\u2019s Cookie Dough<\/a> by Creative Tools (http:\/\/www.flickr.com\/photos\/creative_tools\/4295718895\/) used under <a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Canada_post_RHD.jpg\">Canada Post RHD<\/a> by Radagast (http:\/\/commons.wikimedia.org\/wiki\/File:Canada_post_RHD.jpg) is in the Public Domain (third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Chadian_flag.svg\">Nuvola Chadian flag<\/a> by Antigoni (http:\/\/commons.wikimedia.org\/wiki\/File:Nuvola_Chadian_flag.svg) is in the Public Domain (fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Facebook_Headquarters_Menlo_Park_detail.jpg\">Facebook Headquarters Menlo Park detail<\/a> by Soerfm (http:\/\/commons.wikimedia.org\/wiki\/File:Facebook_Headquarters_Menlo_Park_detail.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth)<\/p>\n<p><strong><a id=\"figure10-4\" href=\"\/strategicmanagement\/chapter\/boards-of-directors#f10.4\">Figure 10.4:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pirate_02.JPG\">Pirate 02<\/a> by Raphodon (http:\/\/commons.wikimedia.org\/wiki\/File:Pirate_02.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pirate-ship.svg\">Pirate-ship<\/a> by mystica (http:\/\/commons.wikimedia.org\/wiki\/File:Pirate-ship.svg) is in the Public Domain (second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Chess_piece_-_White_knight.JPG\">Chess piece \u2013 White knight<\/a> by MichaelMaggs (http:\/\/commons.wikimedia.org\/wiki\/File:Chess_piece_-_White_knight.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_030717-N-9693M-002_A_U.S._Army_Golden_Knight_parachute_team_member_turns_his_parachute_in_preparation_for_landing_at_the_U.S._Air_and_Trade_Show.jpg\">US Navy 030717-N-9693M-002 A U.S. Army Golden Knight parachute team member turns his parachute in preparation for landing at the U.S. Air and Trade Show<\/a> by Photographer&#8217;s Mate 2nd Class Damon J. Moritz (http:\/\/commons.wikimedia.org\/wiki\/File:US_Navy_030717-N-9693M-002_A_U.S._Army_Golden_Knight_parachute_team_member_turns_his_parachute_in_preparation_for_landing_at_the_U.S._Air_and_Trade_Show.jpg) is in the Public Domain (fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Skull_and_crossbones.svg\">Skull and crossbones<\/a> by Unknown (http:\/\/commons.wikimedia.org\/wiki\/File:Skull_and_crossbones.svg) is in the Public Domain (fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Human-emblem-mail-green-128.png\">Human-emblem-mail-green-128<\/a> by Hucz (http:\/\/commons.wikimedia.org\/wiki\/File:Human-emblem-mail-green-128.png) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(sixth)<\/p>\n<p><strong><a id=\"figure10-5\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.5\">Figure 10.5:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:New_York_Police_Officer.jpg\">New York Police Officer<\/a> by See-ming Lee (http:\/\/commons.wikimedia.org\/wiki\/File:New_York_Police_Officer.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/duckiemonster\/2219220078\/\">Duckie Monster<\/a> by Unknown (https:\/\/www.flickr.com\/photos\/duckiemonster\/2219220078\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:20111013-OC-UNK-0003_-_Flickr_-_USDAgov.jpg\">20111013-OC-UNK-0003 &#8211; Flickr \u2013 USDAgov<\/a> by U.S. Department of Agriculture (http:\/\/commons.wikimedia.org\/wiki\/File:20111013-OC-UNK-0003_-_Flickr_-_USDAgov.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(third);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/86530412@N02\/8213432552\/\">3D Judges Gavel<\/a> by <a href=\"http:\/\/www.stockmonkeys.com\/\">Chris Potter<\/a> (https:\/\/www.flickr.com\/photos\/86530412@N02\/8213432552\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Can-vote-stub.svg\">Can-vote-stub<\/a> by Roux (http:\/\/commons.wikimedia.org\/wiki\/File:Can-vote-stub.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Helping_the_homeless.jpg\">Helping the homeless<\/a> by Ed Yourdon (http:\/\/commons.wikimedia.org\/wiki\/File:Helping_the_homeless.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(sixth)<\/p>\n<p><strong><a id=\"figure10-6\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.6\">Figure 10.6:<\/a><br \/>\n<\/strong><a href=\"http:\/\/en.wikipedia.org\/wiki\/File:21rampell.xlarge1.jpg\">Charles Ponzi (August 1920)<\/a> by Richard Arthur Norton (http:\/\/en.wikipedia.org\/wiki\/File:21rampell.xlarge1.jpg) is in the Public Domain (first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Pyrite_Fools_Gold_Macro_1.JPG\">Pyrite Fools Gold Macro 1<\/a> by \u201cJon Zander (Digon3)\u201d (http:\/\/commons.wikimedia.org\/wiki\/File:Pyrite_Fools_Gold_Macro_1.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:SNC-Lavalin,_Montreal_2005-09-02.JPG\">SNC-Lavalin, Montreal 2005-09-02<\/a> by Gene.arboit (http:\/\/commons.wikimedia.org\/wiki\/File:SNC-Lavalin,_Montreal_2005-09-02.JPG) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Nortel04.jpg\">Nortel04<\/a> by Bjoertvedt (http:\/\/commons.wikimedia.org\/wiki\/File:Nortel04.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Logging_(8692551051).jpg)\">Logging (8692551051)<\/a> by Coconico National Forest (http:\/\/commons.wikimedia.org\/wiki\/File:Logging_(8692551051).jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:BernardMadoff.jpg\">BernardMadoff<\/a> by U.S. Department of Justice (http:\/\/commons.wikimedia.org\/wiki\/File:BernardMadoff.jpg) is in the Public Domain (sixth)<\/p>\n<p><strong><a id=\"figure10-7\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.7\">Figure 10.7:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:SarbanesOxley.jpg\">SarbanesOxley<\/a> by Adam sk (http:\/\/commons.wikimedia.org\/wiki\/File:SarbanesOxley.jpg) is in the Public Domain (first);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/cbpphotos\/11853767103\/\">CBP Officers seize $409,000 in Unreported Currency<\/a> by U.S. Customs and Border Protection (https:\/\/www.flickr.com\/photos\/cbpphotos\/11853767103\/) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Flags-of-usa-and-canada.jpg\">Flags-of-usa-and-canada<\/a> by Makaristos (http:\/\/commons.wikimedia.org\/wiki\/File:Flags-of-usa-and-canada.jpg) is in the Public Domain (third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Budget_Debate_2011_(5601686862).jpg)\">Budget Debate 2011 (5601686862)<\/a> by Colorado Senate GOP (http:\/\/commons.wikimedia.org\/wiki\/File:Budget_Debate_2011_(5601686862).jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fourth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Piggybanksvg.svg\">Piggybanksvg<\/a> by Googleaseerch (http:\/\/commons.wikimedia.org\/wiki\/File:Piggybanksvg.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(fifth);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:E-ticker.jpg\">E-ticker<\/a> by klip game (http:\/\/commons.wikimedia.org\/wiki\/File:E-ticker.jpg) is in the Public Domain (sixth)<\/p>\n<p><strong><a id=\"figure10-8\" href=\"\/strategicmanagement\/chapter\/corporate-ethics-and-social-responsibility#f10.8\">Figure 10.8:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:50-60_jaar_Chiro_20.09.2008_087.jpg\">50-60 jaar Chiro 20.09.2008 087<\/a> by Nousefreak (http:\/\/commons.wikimedia.org\/wiki\/File:50-60_jaar_Chiro_20.09.2008_087.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>\u00a0(first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Warning_sign_font_awesome.svg\">Warning sign font awesome<\/a> by Dave Gandy (http:\/\/commons.wikimedia.org\/wiki\/File:Warning_sign_font_awesome.svg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a>(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Diversity_(10314223086).jpg)\">Diversity (10314223086)<\/a> by Oregon Department of Transportation (http:\/\/commons.wikimedia.org\/wiki\/File:Diversity_(10314223086).jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(third);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/rogerblackwell\/14689219208\">Firefighters continue their strike to protect their pensions at Earlham Fire Station, Norwich<\/a> by Roger Blackwell (https:\/\/www.flickr.com\/photos\/rogerblackwell\/14689219208\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (fourth);<\/p>\n<p><a href=\"http:\/\/freestock.ca\/signs_symbols_g43-nuclear_grunge_sign__sepia_p1712.html\">(Nuclear Grunge Sign \u2013 Sepia<\/a> by Nicolas Raymond (http:\/\/freestock.ca\/signs_symbols_g43-nuclear_grunge_sign__sepia_p1712.html) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> \u00a0(fifth);<\/p>\n<p><a href=\"https:\/\/www.flickr.com\/photos\/triviaqueen\/4925033319\/\">pocketchange<\/a> by Cheryl DeWolfe (https:\/\/www.flickr.com\/photos\/triviaqueen\/4925033319\/) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (sixth)<\/p>\n<p><strong><a id=\"figure10-12\" href=\"\/strategicmanagement\/chapter\/understanding-thought-patterns-a-key-to-corporate-leadership#f10.12\">Figure 10.12:<\/a><br \/>\n<\/strong><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:First_man_on_the_moon.jpg\">First man on the moon<\/a> by &#8211;Nightflier (http:\/\/commons.wikimedia.org\/wiki\/File:First_man_on_the_moon.jpg) is in the Public Domain (first);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Baby_on_Back.jpg\">Baby on Back<\/a> by Elnaz6 (http:\/\/commons.wikimedia.org\/wiki\/File:Baby_on_Back.jpg) used under\u00a0<a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> \u00a0(second);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Guitar_player.jpg\">Guitar player<\/a> by Nat Ch Villa (http:\/\/commons.wikimedia.org\/wiki\/File:Guitar_player.jpg) used under\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0 Licence<\/a> (third);<\/p>\n<p><a href=\"http:\/\/commons.wikimedia.org\/wiki\/File:Przyk%C5%82ad_selfie.png\">Przyk\u0142ad selfie<\/a> by Krazyjordan7 (http:\/\/commons.wikimedia.org\/wiki\/File:Przyk%C5%82ad_selfie.png) used under <a href=\"http:\/\/creativecommons.org\/licenses\/by-sa\/3.0\/\">CC BY-SA 3.0 Licence<\/a> 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