Monsanto Attempts to Balance Stakeholder Interests Essay
Patent Issues: Farmers using Monsanto seeds are not allowed to harvest seeds from the plants for use in upcoming seasons. However this is a new concept for most farmers, the law protects Monsanto’s right to have exclusive control over its creations, and farmers must abide by these laws. Since it is easy for farmers to violate the patent, Monsanto has found it necessary to employ investigators to investigate violators. Some farmers claim Monsanto investigators have used unethical practices to get them to cooperate.
Legal Issues: It is suggested that Monsanto is hindering competition, exerting too much power over transgenic seed industry, and limiting seed innovation.
Monsanto is has taken a good hard look at their actions in the past and what had transpired, and in response decided to fashion what they believe to be the best-practices FCPA compliance program. Genetically-modified foods have the potential to solve many of the world’s hunger and malnutrition