Global Perspectives on Ethics of Corporate Governance
This volume takes a hard look at the soft practice of corporate governance. It grew out of a series of contributions from the Third ISBEE World Congress on Business Ethics that took place on July 2004 in Melbourne.
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GLOBAL PERSPECTIVES ON ETHICS OF CORPORATE GOVERNANCE G.J. (Deon) Rossouw and Alejo José G. Sison (Editors)
GLOBAL PERSPECTIVES ON ETHICS OF CORPORATE GOVERNANCE
© G.J. (Deon) Rossouw and Alejo José G. Sison (Editors), 2006. Softcover reprint of the hardcover 1st edition 2006 978-1-4039-7584-3 All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in critical articles or reviews. First published in 2006 by PALGRAVE MACMILLAN™ 175 Fifth Avenue, New York, N.Y. 10010 and Houndmills, Basingstoke, Hampshire, England RG21 6XS Companies and representatives throughout the world. PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin’s Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. ISBN 978-1-349-53656-6 ISBN 978-0-312-37619-2 (eBook) DOI 10.1057/9780312376192 Library of Congress Cataloging-in-Publication Data International Society for Business, Economics and Ethics. Quadrennial World Congress (3rd : 2004 : Melbourne, Australia) Global perspectives on ethics of corporate governance / G.J. (Deon) Rossouw & Alejo José G. Sison (Editors). p. cm. Papers presented at the 3rd Quadrennial Congress of the International Society for Business, Economics and Ethics held in Melbourne, Australia in 2004. Includes bibliographical references and index. 1. Business ethics—Congresses. 2. Corporate governance—Moral and ethical aspects—Congresses. 3. Social responsibility of business— Congresses. I. Rossouw, Deon. II. Sison, Alejo. G. III. Title. HF5387.I65 2006 174.4—dc22
2006045304
A catalogue record for this book is available from the British Library. Design by Newgen Imaging Systems (P) Ltd., Chennai, India. First edition: December 2006 10 9 8 7 6 5 4 3 2 1
Dedicated to Georges Enderle Founding Member and President of ISBEE (2001–2004) in appreciation of his quest for global perspectives on the Ethics of Business and Economics
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CONTENTS
List of Tables
ix
List of Figures
xi
Foreword
xiii
Biographical notes on the authors
xvii
Introduction G.J. (Deon) Rossouw and Alejo José G. Sison
Part I
1
Theoretical Perspectives on the Ethics of Corporate Governance
1 Ethical Investing: Implications for Corporate Law and Corporate Social Responsibility Ian B. Lee
9
2 Toward Ethical Compliance: Lessons from Enron Doreen McBarnet
27
3 Stakeholder Theory and Imperfect Duties David Lea
39
4 Trust in the Mind and Heart of Corporate Governance John Little
49
5 The Common Good of the Firm as the Fiduciary Duty of the Manager Peter Koslowski
67
6 Governance and Government from an Aristotelian Perspective Alejo José G. Sison
77
viii
CONTENTS
7 The Ethical Issue of Corporate Governance and Management Science Theories Wojciech W. Gaspar
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