On Corporate Governance and the Bicameral Legislative Model … by Alice B. Clagett *

Filmed and published on 19 October 2015; transcribed on 27 January 2019

  • VIDEO BY ALICE
  • SUMMARY OF THE VIDEO
    • Early United States Decisions on Governance
    • Might the Bicameral Model Be Useful in the Ethical Governance of Corporations?
    • A ‘What If’ Regarding Alternative Energy
  • MORE INFORMATION
    • Bicameralism as a Compromise between Plutocracy and Rule by the Common Man
    • US History — Who Could Vote
    • Fracking

Dear Ones,

This video is about corporate ethics, and corporate responsibility to the global welfare. There is a description of the early decision to form the United States government with a Senate (representing plutocracy, or government by the wealthy) and the House of Representatives (representing ‘the common man’). The video is about how this model might be applied to corporate governance for the greater global good.

A ‘what if’ is also presented regarding putative corporate ownership of alternate energy patents, the contentious issue of fracking, and the common global good. There is a lightly edited Summary after the video.

VIDEO BY ALICE

SUMMARY OF THE VIDEO

Hello, Dear Ones, It’s Alice. I Am of the Stars.

I had some thoughts today about corporate ethics, and corporate responsibility to the global welfare, that I would like to share with you, just by way of one avenue of approach (of which there are many).

I was thinking about how much power the global corporations have right now, in the world; and how, quite frequently they see their responsibility to be to their shareholders, and to their Boards, and to their presidents, rather than to the global good.

So the issue that I see right now is that, in some contexts at least, the corporations are striving for the good of a small group of people, rather than for the good of the world; and in my opinion, the good of the world is very important as well.

Early United States Decisions on Governance

I thought back to the early history of the United States … about how they were figuring out about governance; how they would set up the governance of the United States. And back then … back in the old days … there was a somewhat parallel situation.

And that had to do with the great landholders of that era … of which George Washington, for instance, was one … as opposed to all the other people (actually, at that time, only all the other men in the original colonies) … and who would govern.

And so naturally, the people that had most of the land were the ones that wanted to take control of the government of the United States. But there was also popular opinion to consider. And so what finally got hammered out was the Senate and the House of Representatives … two different governing bodies.

The Senate originally was more oriented towards the landholders. And the House of Representatives was more oriented toward the common man. And so, in the governance of the United States, was hammered out an agreement that took into consideration both wealth and the free will of all the people (all the men, in that case) in the United States at that time.

Might the Bicameral Model Be Useful in the Ethical Governance of Corporations?

My question is whether this model could be used in the ethical governance of corporations. In this instance the ‘Senate’ would be the board of directors of a corporation, the president, and the shareholders.

And since these corporations are global, by proportionate gross domestic product, I think that the members of each nation would also be able to participate in the governance of corporations, in some fashion.

This is just an idea that I am throwing out there; this is a thought I have, of ways to help corporations come into a new understanding of their ethical responsibility with regard to the world.

A ‘What If’ Regarding Alternative Energy

And along those lines, I will just give you a ‘for instance’ … which I do not know to be true or note true … I will just give you a ‘what if’. What if the oil corporations, or the transport corporation … some sector of corporations … or maybe all the corporations in every economic sector, for all I know … had bought out all the patents on alternate energy that were totally viable. Suppose they had done that.

And suppose this issue that is so controversial in this State of Colorado … this issue of fracking, which is, according to some of the landholders, is ruining the well water of the ranches and farms and so forth … this issue of extracting the last dollar of profit out of oil, before oil is completely depleted from the globe, could be alleviated by simply setting forth the patents of alternate energy that are available, but ‘locked up’ by the corporations …

Could this be true, that they are doing that? If it were true, then they would be acting against the common interests globally.

This is just a ‘what if’. This is the kind of ‘what if’ that we might be looking at, in all the different sectors, and all the different corporations, to see how we could come to terms with the profit motive, as compared to the ethical motive of uplifting and sustaining humankind.

Well, that is all I have for you today. I wish you all … whether or not you are in business … the greatest opportunity for harmony and love and prosperity that is possible in the world today. Bye bye.

In love, light and joy,
I Am of the Stars

Postscript on More Democratic Global Alternatives

And then I am thinking … just paying attention to how, in the United States at first, it was men that had the right to vote … and later on, women had the right to vote … and so there was a loosening up, into a greater form of democracy in that way …

The Gross Domestic Product (GDP) model, as a weighting factor for the voice of each nation in the corporate bicameral scheme, would weight corporate ethical considerations in favor of developed countries, which more likely also have the most corporate shareholders.

It could be that GDP model would be amended, later on, to national population, as a weighting factor for the voice of each nation in the corporate bicameral scheme … so that greater plebeian or democratic base for the global welfare aspect of corporate responsibility.

And so at that point … where the census of a nation came into play … it would place the responsibility less in the hands of people that have enough money to be shareholders, and more into the hands of the people that are in desperate need of housing and livelihood and clean water and so forth.

I believe that would greatly facilitate moving into world harmony.

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MORE INFORMATION

Bicameralism as a Compromise between Plutocracy and Rule by the Common Man

Link: “Bicameralism.” in Political Science. at Boundless, http://oer2go.org/mods/en-boundless/www.boundless.com/political-science/textbooks/boundless-political-science-textbook/congress-11/organization-of-congress-77/bicameralism-424-904/index.html ..

US History — Who Could Vote

Link: “Voting Rights in the United States,” in Wikipedia, https://en.wikipedia.org/wiki/Voting_rights_in_the_United_States ..

Fracking

Link: “What Is Fracking And Why Is It Controversial?” 15 October 2018, in BBC News … https://www.bbc.com/news/uk-14432401 ..
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Creative Commons License
Except where otherwise noted, this work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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alternative energy, bicameralism, common global good, common man, corporate ethics, corporate governance, governance by the people, plebian, plutocracy, profit motive, prosperity, United States governance, voter base, world harmony, corporations, current affairs, economics, George Washington, wealth, free will, my favorites,

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