This volume explores corporate governance from three perspectives: a traditional economic, a philosophical, and an integrated business ethics perspective.
Corporate governance has enjoyed a long tradition in the English-speaking world of management sciences. Following its traditional understanding it is defined as leadership and control of a firm with the aim of securing the long-term survival and viability of that firm. But recent business scandals and financial crises continue to provide ample cause for concern and have all fuelled interest in the ethical aspects. As a result, corporate governance has been criticized by many social groups. Economic sciences have failed to provide a clear definition of the corporate governance concept. Complexity increases if we embed the economic approach of corporate governance in a philosophical context. This book seeks to define the concept by examining its economic, philosophical and business ethics foundations.
Preface.- Corporate Governance and Ethics: An Introduction; Alexander Brink.- ECONOMIC FOUNDATIONS OF CORPORATE GOVERNANCE.- 1. The Globalisation of Corporate Governance? Irresistible Markets Meet Immovable Institutions; Thomas Clarke.- 2. Regulation Complexity and the Costs of Governance; Steen Thomsen.- 3. Corporate Governance as an Institution to Overcome Social Dilemmas; Margit Osterloh, Bruno S. Frey, Hossam Zeitoun.- 4. Scandalous Co-Determination; Kai Kühne, Dieter Sadowski.- 5. Corporate Codes of Ethics: Can Punishments Enhance Their Effectiveness?; Till Talaulicar.- 6. Corporate Governance at the Chinese Stock Market: How It Evolved; Junhua Tang and Dirk Linowski.- PHILOSOPHICAL FOUNDATIONS OF CORPORATE GOVERNANCE.- 7. Philosophical Underpinnings to Corporate Governance: A Collibrational Approach; Steve Letza, Clive Smallman, Xiuping Sun, James Kirkbride.- 8. Aristotelian Corporate Governance; Alejo José G. Sison.- 9. Deliberative Democracy and Corporate Governance; Bert van de Ven, Wim Dubbink.- CORPORATE GOVERNANCE AND BUSINESS ETHICS.- 10. The Firm as a Nexus of Stakeholders: Stakeholder Management and Theory of the Firm; Josef Wieland.- 11. Corporate Governance, Ethics and Sustainable Development; Aloy Soppe.- 12. Triadic Stakeholder Theory Revisited; Alexei M. Marcoux.- 13. Corporate Governance and Business Ethics; Andrew J. Felo.- 14. When Good Turns to Bad: An Examination of Governance Failure in a Not-for-Profit Enterprise; Chris Low.- 15. Integrity in the Boardroom: A Case for Further Research; Scott Lichtenstein, Les Higgins, Pat Dade.- 16. The Ethics of Corporate Governance in Global Perspective; G.J. (Deon) Rossouw.- 17. Do Stakeholder Interests Imply Control Rights in a Firm?; Ronald Jeurissen.- 18. The Implications of the New Governance for Corporate Governance; John R. Boatright.- List of Authors.