“She considers a field and buys it; …” (v. 16, NIV), investigating it to make sure it is worth her while, the title is good, and the ground is good (ccel.org, n.d.). “She sees that her trading is profitable, …” (v. 18, NIV), discovering what will bring her the best returns (ccel.org, n.d.). None of these verses specify dealings with Christians only.Wanda’s belief that she should not be in partnership with an unbeliever is a misunderstanding. When Paul spoke about not being “yoked together with unbelievers…” (2 Cor. 6:14-18, NIV), he was talking about their acts and behaviors (ccel.org, n.d.). He did not want the Israelites to participate in the evil practices of the unbelievers that lived amongst them (ccel.org, n.d.). They were to stay away from idolatry, impiety, or any acts of wickedness specific to the unbelievers (ccel.org, n.d.). He explained that this did not include food, clothes, or estates (ccel.org, n.d.). Therefore, from the Christian aspect, Wanda should have no qualms about keeping her GM stock or partnering with her non-Christian friend.From a business perspective, whether or not Wanda partners with her friend would be dependent on the type of person he is and the amount of control she wants over the business. Both corporations and LLCs offer members or principals liability protection from business failures or other principles’ actions (Melvin & Katz, 2015). If she wants more control and flexibility, then an LLC or private corporation would be a better option (Melvin & Katz, 2015). If she is looking for public investors, she will lose much of that control, and will have to adhere to many state and federal regulations (Melvin & Katz, 2015). Ultimately, Wanda will have to weigh all the aspects and options and make the decision that is best for her.ReferencesChristian Classics Ethereal Library. (n.d.). 2 Cor. 6:14-18. Retrieved fromhttp://www.ccel.org/study/2_Corinthians_6.Christian Classics Ethereal Library. (n.d.). Acts 16:14. Retrieved fromhttp://www.ccel.org/study/Acts_16. Christian Classics Ethereal Library. (n.d.). Proverbs 31:16, 18. Retrieved fromhttp://www.ccel.org/study/Proverbs_31.Melvin, S.P. & Katz, M.A. 2015. The Legal Environment of Business: A Managerial Approach: Theory to Practice. McGraw-Hill Education.The Case for Christ Study Bible: New International Version. (2009). Grand Rapids: Zondervan
Culture in Corporate Law, or: A Black Corporation, a Christian Corporation, and a Maori Corporation Walk into a Bar...
44 PagesPosted: 9 May 2015Last revised: 19 May 2016
University of Pennsylvania - The Wharton School, Legal Studies & Business Ethics Department
Date Written: September 13, 2015
Recent Supreme Court cases have entrenched a new image of corporate civic identity, assigning to the corporate person rights and abilities based upon the cultural characteristics, social ties, civic commitments, and internal lives of the human beings involved in it. This vision of the corporation is exemplified in recent cases implicating a corporate right to engage in political speech (Citizens United v Federal Election Commission) and a right of corporations to be free of government interference regarding religious convictions (Burwell v Hobby Lobby Stores, Inc.). Although much is being written about the soundness of the results in these cases and potential inconsistencies of the legal analysis that led to these results, this article uses them to introduce a normatively potent theoretical perspective on corporate law that has for too long been exiled to the periphery of legal theorizing. When persons interact within a social system, social theories of culture – not just microeconomic theories of individual incentives or ethical theories of individual duty – are required to fully understand the rights, norms, behaviors, and duties of such persons. The law’s transformation of the corporation into a unique civic person capable of holding and expressing opinions and beliefs to other members of its social community thus urgently demands that corporate law scholars take cultural theory seriously if they are to fully understand the rights, norms, behaviors, and duties of modern corporations. This article makes the case for this increased centrality of cultural theory within corporate law and lays out some of the major challenges and implications that lie ahead as this development takes hold.
Suggested Citation:Suggested Citation
Gordon, Gwendolyn, Culture in Corporate Law, or: A Black Corporation, a Christian Corporation, and a Maori Corporation Walk into a Bar... (September 13, 2015). Seattle University Law Review, Vol. 39, No. 2, 2016. Available at SSRN: https://ssrn.com/abstract=2603802 or http://dx.doi.org/10.2139/ssrn.2603802
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