Phoenix ETH 321 – Defined corporation in a cynical

Over 100 years ago, a fellow by the name of Bierce (1906) defined corporation in a cynical, sarcastic sense: A corporation is “an ingenious device for obtaining individual profit without individual responsibility.” In today’s world and in particular the complaints lodged by the recent Occupy Wall Street movement (NYC General Assembly, 2011), do Bierce’s words fit today’s business?How can companies reduce the chance of developing an image of being greedy and unethical?What practices or policies can companies install to practice sound Enterprise Risk Management (ERM) and limit any potential negative publicity?Please include a reference.