Can someone please explain "should be held to a higher standard of conduct"? and also charted by? having the verb charted in passive doesn't make sense to me in this case... thanks
The act recognizes that large corporations, with revenues of $1 billion or more, are so big and powerful they should be held to a higher standard of conduct– chartered by the federal government to serve all their stakeholders, not just their shareholders.
they should be held to a higher standard of conduct They are so huge and powerful that we should require them to behave more meticulously than we expect ordinary people to behave. charted >> chartered i think the writer means this: The act recognizes that large corporations, with revenues of $1 billion or more, are so big and powerful they should be held to a higher standard of conduct– they should be chartered by the federal government to serve all their stakeholders, not just their shareholders. But I'm not sure if this is what the writer means.
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they should be held to a higher standard of conduct They are so huge and powerful that we should require them to behave more meticulously than we expect ordinary people to behave.
charted >> chartered
i think the writer means this: