This article aims to uncover hidden dimensions of the metaphor of consumerism in management education. By exploring the metaphor, the authors elucidate the implicit claims in the assertion that teachers produce business education and students consume that product. The image of commodification structures a discourse that involves conceptions of power, knowledge, and socially useful activity. The discourse emanates from social and educational institutions that shape relations between students and teachers. To understand how the metaphor creates subjective perceptions, the authors propose a linguistic-based framework as an analytical device. They conclude with specific reference to teaching activities and ways in which the so-called shadow of consumerism can be empirically examined.
This research examined the relationships between board composition, stock ownership, and the existence of director liability protection in a sample of industrial manufacturing firms. Results indicate that the impact of board leadership on liability protection depends on the proportion of independent directors on the board. Findings suggest that high levels of independent directors compromise the governing effectiveness of independent board leadership. Results demonstrate that stock ownership patterns affect liability protection as well. High levels of institutional ownership are associated with liability protection. While the theoretical paradigm of organizational economics predicts that the decision to provide protection is based on economic advantage, this study shows that liability protection for directors involves social dimensions as well as economic ones.
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