Business and Environmental Law

Paper Summary:

This paper states that environmental issues are not mutually exclusive to private entities that try to maximize profits and that there is the common misconception that the legal environment for businesses or business regulations does not coincide with environmental law. The paper's analysis of the simulation shows that business regulation especially in industries that deal with natural resources includes many aspects of environmental law, legal ramifications associated with environmental issues, and government regulation and bodies that maintain the laws and balance between productive activity and environmental depletion.

Outline:
Introduction
Major Issues in the Simulation
Ethical Dilemma: Understanding Values and Stakeholders
What Would Legal Counsel Suggest? Current Organizational Suggestions
Risk Analysis Matrix and Ethical Dilemma Revisited
Conclusion

From the Paper:

"Other noted issues in the case study relate to the fact that Alumina realizes the importance of maintaining a good public image in the community by relying on critical public relations. This becomes an important aspect of business operations in the 21st century as the society is now more 'environmentally conscious' and makes purchases or support businesses that preserve the environment.
"Legal ramifications surrounding environmental issues are also evident from the situation that developed between Bates and Alumina. Bates made the claim that Alumina was responsible for her daughter's leukaemia, the issues surrounding the allegations and the way Alumina's management team dealt with the issue highlight some very important aspects of the regulations and legal issues in the simulation."

Sample of Sources Used:

• Porter, M. and Claas, L. (Autumn 1995). Toward a New Conception of the Environment-Competitiveness Relationship, The Journal of Economic Perspectives, 9, 4, 97-118
• Reed, O., Shedd, P., Morehead, J., Corley, R. (2005). The legal and regulatory environment of business, 13th edition. McGraw-Hill Companies.

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