2. Corporate Responsibility by Dr. William J. Frey

3. 100 200 400 300 400 CR Vocabulary History of the Corporation CIDSPirate INC. 300 200 400 200 100 500 100

4. Row 1, Col 1 Literally “beyond the power”. If a corporate charter designates an activity using this term, then this activity is outside the scope of the legitimate powers of the corporation. What is Ultra Vires?

5. 1,2 The emergence of the corporation as a “passive device” to hold property solved this historical problem. To whom would the monastery pass when the abbot dies?

6. 1,3 Corporate Charter (formal and informal), Mission Statement, and Core Values What provides insights into the corporate goals in the corporation’s in internal decision-making structure?

7. 1,4 Pirates sign this document before embarking on their voyage of plunder and looting. It serves as their charter. What are the Articles of Agreement?

8. 2,1 These proto corporations were formed to pool capital and coordinate complex business activities. Investors provided money and managers oversaw day-to-day operations. These proto corporations failed because of unlimited liability What are Joint Stock Companies?

9. 2,2 These proto corporations regulated the exercise of a craft or skill. They re- stricted who could practice the skill and set standards to which the public could hold them accountable in the ex- ercise of the craft or skill. What are trade guilds?

10. 2,3 These help us classify actions per- formed by individuals as performing certain corporate functions What are decision recognition rules?

11. 2,4 Every Man has a Vote in the in the Affairs of Moment; has equal Title to the fresh Provisions, or strong Liquors, at any Time seized, and may use them at Pleasure, unless a Scarcity make it necessary, for the Good of all, to vote a Retrenchment.” What is an example of a Pirate Corporation Decision Recognition Rule?

12. 3,1 Originally this device was used to control the corporation by limiting the scope of its legitimate activities. If an activity was not included in the charter it was called ultra vires or beyond the power of the corporation. What is the corporate charter?

13. 3,2 These proto corporations success- fully pooled capital and coor- dinated activity but suffered from the problem of unlimited liability. What are Joint Stock Companies?

14. 3,3 Stations that human individuals take up within a corporation that come with tasks and duties attached. What are Corporate Roles?

15. 3,4 Directors (Voting Crew who elect a captain and quartermaster) Managers: Captain and Quartermaster (oversee daily operations) Surgeon, Carpenter, Caulker, Armorer (Professional Staff Personnel) Line Employees (Deck Swabbers and Draftees) What are the roles that are found in the Pirate Corporation?

16. 4,1 Holding corporations legally and morally accountable for actions performed in their name. Creates philosophical problems concerning the meaning of “personhood” and “agency.” What is corporate legal and moral responsibility?

17. 4,2 Corporations began to shield investors from liability beyond investment. They were initially controlled by these devices but competition between states led to its weakening. What is the corporate charter?

18. 4,3 This structure spells out how different corporate roles are related to and coordinated with one another. What is the Organizational Flow Chart?

19. 4,4 What is the Organizational Flow Chart of the Pirate Corporation? DirectorsCaptain Professional Crew Deck Swabbers QuartermasterDraftees

20. 5,1 Moral agents have an obligation to adjust their actions and habits to respond to lessons learned from the past. What is the Principle of Responsive Adjustment?

21. 5,2 In the 20 th Century, corporations become this. What are legal persons?

22. 5,3 This device allows (or licenses) the redescription of the actions and decisions of human individuals as corporate actions and decisions. What is the Corporation Internal Decision Structure (or CIDS)?

23. 5,4 When the crew of the Pirate Corporation do this they become elevated into Corporate Directors What is elect by democratic vote the Captain and Quartermaster?