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Monsanto Sustainability and Ethical Conduct
A corporation, like any organization of people, has civic responsibilities in terms of legal and ethical conduct. Monsanto, the worldwide agrichemical business, is the subject of much legal controversy. Considering the enormous impact of their perception as it is conveyed en masse, one ought to also venture a conjecture: What if the company is not only not malevolent, but is in fact comprised in the main, of people with moderate to strong ethics, motivated by a vision of bettering mankind. This cannot be explored without considering the actions that motivate the ranks from the vast array of Environmental and Social Justice groups who so vociferously oppose them.
Legal Controversy While they often
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military, and in recent years, seeds genetically engineered to contain and endure immense amounts of Monsanto herbicides and pesticides. Monsanto has been recognized as being synonymous with the corporatization and industrialization of global food supply. Their astonishing rise to dominate global food supply is fueled by its technology in order to achieve laudable aims such as providing adequate food production, responding to the adversity of global warming, and minimizing agriculture’s adverse effects on the environment. Yet, Monsanto’s expansion has been accountable for controversial cases, such as not allowing private research on their products and influencing policy makers. As Monsanto expands, some of its business practices are considered unethical and are paving a path full of consequences for the environment and …show more content…
One of Monsanto’s goals is to maintain business by focusing on lucrative opportunities for improving the efficiency with which they use non-renewable resources, such as fossil fuels, fertilizers, pesticides. Monsanto’s dominance over the global food system can seem unethical as they continuously cultivate products without extensive testing; a reason due to their extensive influence on policy makers. In recent years, the government has strongly supported genetically modified crops because many of these government employees are former employees of Monsanto. For example, Clarence Thomas, a Supreme Court Judge, use to be a Monsanto attorney before his appointment to his current position. He has approved many of the laws passed for or against genetically modified foods. The U.S. Secretary of Agriculture was a member of the board of directors for Monsanto, and the former U.S. Secretary of Health received a campaign contribution from Monsanto to support his campaign as Wisconsin Governor. In addition, President Obama appointed former vice president of public policy at Monsanto, Michael Taylor, as the new deputy commissioner for foods and veterinary medicine at the Food and Drug Administration. Monsanto’s significant involvement in the government allows for weak regulation of genetically modified products. An interview with The
Monsanto scrutinizes neighboring farms, practicing their right to enforce their patent and contract. What they take into account and chose to ignore is that their genetic product is natural and cannot be controlled completely. Monsanto’s patent allows them to prosecute neighboring farms for any concentration of their patented genetic code in their crops, regardless of whether a farmer knowingly involved themselves in infringement or was the victim of natural pollination. Barlett and Steele cite the increasing number of legal cases and settlements as means of pressuring contracted farmers to follow procedure and of allegedly pressuring uncontracted farmers to sign with Monsanto to avoid
Monsanto is the world 's leader on bio-technology and was found in St. Louis Missouri. Monsanto was not known as an agriculture company at first as it is now rather a chemical company of the 20th century. They are also responsible for growing 90 percent of the world 's GMO’s. On Monsanto’s website it states their goal is to help farmers around the world to produce healthier foods, conserving more, and better animal feeds while reducing impact on our environment. Monsanto 's GMO has been effecting our environment for years but have not yet brought to justice according to this video. The question is why? According to this documentary Monsanto created many hazardous chemicals for example PCBs, Agent Orange and recombinant
Between 1961 and 1971, Monsanto, along with Dow Chemical and other chemical companies, provided herbicides and defoliants, including Agent Orange, to the U.S. military during the Vietnam War. As a consequence of the exposure to dioxins contained in the defoliant, the military personnel in Vietnam suffered of injuries, such as Chloracne, heart disease, prostate cancer, respiratory cancers, etc. (“Veterans' Diseases Associated with Agent Orange”) In 1980, a class-action lawsuit concerning Agent Orange was filed against Monsanto, Dow Chemical and other chemical companies, but these companies denied that Agent Orange was linked to the veterans’ medical problems. In 1984, seven of the chemical companies involved decided to settle the class-action
During the 2008 campaign trail, president Obama was quite instrumental in condemning agricultural corporations and their various regulatory bodies. More specifically, Obama was quoted saying that, once he assumed office, his administration would tell ConAgra that their main area of operation is not Agribusiness but rather Agriculture. However, upon election, Obama changed his tone, possibly due to influence by the biotech industry. The appointment of Tom Vilsack, who was a pro-biotech former Iowa governor, into the position of the USDA Secretary signaled to the bio-tech conglomerates that they could influence regulatory frameworks. Following this appointment, other Monsanto executives were poached into the administration, including Michael Taylor, who was the Vice President of Monsanto, Roger Beachy, who was a former director of Danforth Plant Science Center that was ...
Monsanto is a multinational agricultural and agrochemical biotechnology corporation based in America and is the largest producer of genetically engineered seeds. Monsanto argues that using science and newfound research to create genetically modified food is necessary in order to save our world from starvation. Eduardo Blumwald, a professor of cell biology and employee for Monsanto, says that genetically modified food could be “the only viable solution we have for our future” (Ostrander 24) where it is predicted that the temperature and population will soar. Blumwald argues that without genetically engineering food to produce under high temperatures with little water, the world could potentially starve in this predicted future. Yet regardless of “biotech industry promises, none of the GMO traits currently on the market offer increased yield, drought tolerance, enhanced nutrition, or any other consumer benefit” (“GMO Facts”). Instead, Monsanto genetically modifies food to resist RoundUp, a pesticide the company has created to kill any plants or bugs other than the genetically engineered crop. According to the World Health Organization, this pesticide “is a probable human carcinogen” (“GMOs”) due to glyphosate, a
Supporters of Genetically modified crops, which consists of biotechnology companies and agricultural researchers, contend that the usage...
Although Monsanto Company took some social implications like charitable programs, it failed to uphold ethical culture many times over the years. Some of unethical practices the company had done so far were bribery, anticompetitive activities and harassing behavior towards infringer of patent. Notably, during the Vietnam War, Monsanto had been strongly criticized by producing toxic chemical named Agent Orange which had detrimental effects on not only human-beings but also the environment. Nowadays, genetically modified (GM) seeds produced by Monsanto remain controversial. Because of GM seeds’ unknown influences, it is
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
Seeds of Death was created by Gary Null and Richard Polonetsky in 2012. The film goes in depth about Genetically Modified Organisms and its effects on the environment. The film mainly talks about Monsanto, which produces majority of the GMOs in the United States. Monsanto is chemical company that produce herbicides, insecticides, and GMOs. In addition, the film also talks about how GMOs are produce and what’s the reason for GMOs. This film dismantles the myths about GMOs and expose it for what it really is. Seeds of Death reveals to the public that GMOs are not only destroy our health, but also destroy the environment.
Management Efficiency is determined by looking at six ratios. All key ratios to evaluate management efficiency for Monsanto and its competitors were obtained from Morningstar. One ratio to look at to determine management efficiency is accounts receivable turnover which is calculated by dividing net sales for year by accounts receivable. The accounts receivable turnover ratio indicates how many times on average accounts receivables are collected during a year. The ratio evaluates the ability of a company to efficiently issue credit to its customers and collected funds from them in a timely manner.
“Genetically modified foods are a "Pandora's box" of known and unknown risks to humans and the environment. They have been forced onto the American public by multinational biotech and agribusiness corporations without adequate oversight and regulation by the United States government (Driscoll, SallyMorley, David C).”Genetically Modified Food is food which has been chemically altered by scientists during the production process to give the food more nutrients, better appearance, and a longer shelf-life (Rich, Alex K.Warhol, Tom). The importance of this issue is that these GMO’s can actually have a negative effect in our society in general. It could mutate in a negative way and cause cancer or other diseases. Genetically modified food should be strictly controlled due to its various detrimental effects on the environment, human health, and potentially insect/animal effects.
At the point when claims heaped up, putting a crease in long haul gainfulness, Monsanto brought forth a less deadly, more lucrative arrangement. It would endeavor to take control of the world's nourishment supply.
When the problem became serious two main views formed: the “narrow” view and the “broader” view, based on different ideas. The “narrow” view is based on the proposition that corporations have no social responsibility and they have only one main purpose, to make a profit (Friedman, 1970). So corporations should remain socially independent and all conflicts must be solved through the individual responsibility concept. On the contrary the “broader” view states that corporations have social obligations as all existing participants of market, persons and entities are tied together and are mutually dependent. So corporations cannot ignore some serious events or problems, which take place, and must help society, as profit is not their single purpose.
It seems obvious that large corporations have a tendency to ignore the negative effects of their actions in favor of profit. This example, although sensationalized, still says to me that with power comes responsibility. It affirmed my belief that a corporation’s goal cannot be just to provide profit to shareholders, but there must also be an element of social responsibility.
Corporations that place an importance on corporate social responsibility usually have an easier experience when dealing with politicians and government regulators. In compare, businesses that present an irresponsible disregard for social responsibility tend to find themselves fending off various reviews and probes, often brought on at the assertion of public service organizations. The more positive the public insight is that a corporation takes social responsibility seriously; the less likely it is that innovative groups will launch public campaigns and claim government inquiries against it.