Edited ethics: corporate governance and Kant's philosophy
AbstractPurpose – The purpose of this paper is to address the debate on an ethical foundation underpinning modern corporate governance and to argue that an ethical foundation is absent in the definition of corporate governance. The paper recommends an applied Kantian philosophy. Design/methodology/approach – The objective is achieved by introducing a Kantian morality and considering the distinction between accountability and responsibility in terms of fulfilling one's duty. Findings – Individuals do have a sense of duty and sense of what is right and what is wrong from an ethical perspective. There is a need for a code of ethical practice (CoEP) in business to encourage individuals to apply their sense of duty at employees or management. Research limitations/implications – The research ideas are limited to an ethical perspective that is based on a Kantian morality and the implementation of a code. Practical implications – Some practical implications from the theory addressed in the paper include a CoEP and the introduction of a K-profiling template at interview stage to assess the moral compass of a potential employee. Originality/value – The paper opens the debate on the need for an ethical foundation or “moral metric” in corporate governance that goes beyond a public relations exercise.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Emerald Group Publishing in its journal International Journal of Social Economics.
Volume (Year): 37 (2010)
Issue (Month): 10 (September)
Contact details of provider:
Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sen, Amartya K, 1976. "Liberty, Unanimity and Rights," Economica, London School of Economics and Political Science, vol. 43(171), pages 217-45, August.
- Xavier Duran & Patrick McNutt, 2010. "Kantian ethics within transaction cost economics," International Journal of Social Economics, Emerald Group Publishing, vol. 37(10), pages 755-763, September.
- Elena Demidenko & Patrick McNutt, 2010. "The ethics of enterprise risk management as a key component of corporate governance," International Journal of Social Economics, Emerald Group Publishing, vol. 37(10), pages 802-815, September.
- Binmore, Ken, 2005. "Natural Justice," OUP Catalogue, Oxford University Press, number 9780195178111.
- Clelia L. Rossi, 2010. "Compliance: an over-looked business strategy," International Journal of Social Economics, Emerald Group Publishing, vol. 37(10), pages 816-831, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jade Turvey).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.