Business formation and operations guided by new moral standards

There is a history of corporate scandal and misdeeds in the country, including in Oregon. When such events come to the public eye, legislative reform often follows. Witness the rash of new legislation to accompany the real estate bust in 2008. Such laws may address the activities and mandates of business formation, business operations and other categories. Due to the crisis in morality that has been revealed within the core of many business entities, other broad changes are occurring in the corporate landscape. For example, corporate governance generally becomes more democratic and participatory as major changes manifest. With a greater reliance on the group perspective provided by today's boards of directors, there is also a growing awareness that the company has a unique corporate culture. The great public outcry against both big business leaders and politicians, which is largely based on the bold arrogance shown by many in those groups, has led to changes in…

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