After watching the film named The Corporation, it is possible to enumerate the understanding behind why a corporation is defined as a person (The Corporation – Full Movie). The person is a virtual orientation of business functionality to align with existing setups but cannot be defined by emotional and perceptual qualities. A corporation can also be defined as an entity that involves 2 or more people authorized by law and approved by the state government to act as a legal person in business and other activities with personal powers, duties, and liabilities.
The corporation may also be a group of people working together with individualized capabilities to take legal action against irregularities and handle responsibilities like a person. Furthermore, the personification allows the corporations to raise money through shares in order to increase the capital of the business.
The shareholders are protected against personal claims since the corporation’s chances of having its resource limits damages or debts. In case the shareholders commit fraud, then they suffer the damages or debts. This aspect of corporations functions as an individual entity within business borrowing and transactions where the responsibilities are equaled to those of a person willing to hire services. Once the shareholders of corporations vote for the board-of-directors as per the organizational laws, they choose the main staff and hire the topmost managers. It is a requirement to hold annual meetings of the shareholders and board members.
In the case of private business corporations, such information as the name of a business and amount of stock to be issued must be included. Some other corporations organized by and for religion, education, charity, and other public services do not make profits. Since a corporate person harbors the responsibilities to make successful deals in a court and recover from any presumed failure, he cannot give up on the strategic approaches able to render all services.
Response
I do not think that the sorts of personal, ethical, and psychological evaluations exactly obscure deeper structural issues with moralistic statements. Ideally, obscuring a moralistic view is not the main focus of imagination. This agreement is based mainly on the personification of corporations. The personification is aimed at allowing the business to operate in all ways that an individual can. It allows the corporations to operate within the core business setups where people own them under the governance and standards stipulated. In this manner, the corporations can be charged for failing to meet various requirements stipulate by the national, local, and state regulations.
From an ethical perspective, the corporation is personified to take individual responsibilities with respect to the standards set nationally or internationally. In essence, whereas individuals may be understood on their capabilities to explain issues, the corporation cannot deliver similar insight without human intervention. In this respect, some of the personification may not abide by the qualities of a regular human being in business.
The film only offers a metaphorical perspective, and the personification cannot be taken literary to obscure a moralistic view since the persona is not real. However, the psychopath aspect of corporations pointed out is debatable. To some extent, multinational corporations are under immense pressure to perform. However, the corporations have various loopholes that can apply to foster improvements without external pressure, which limits the psychopath argument. However, the film convinces the audience that corporations operate like individuals in all business perspectives.
Works Cited
“The Corporation – Full Movie.” Youtube. TulsaLiberty, 2011. Web.