Strengthening the Ties That Bind: Preventing Corruption in the Executive Suite [Book Review]

Journal of Business Ethics 88 (4):765 - 780 (2009)
Abstract
High-profile corporate scandals earlier in this decade provoked outrage and legislative action; however, corporate executive-level ethical lapses continue to come to light. This article examines the work of Professor Dunfee and his coauthors on corruption, ethical leadership, and social contracts theory, and relates that literature to corrupt activities by corporate executives. Corruption is defined broadly to encompass executive self-dealing, which harms their firms. The specific example of stock options backdating is used to show the harmful impact on shareholders and the lack of managerial integrity though consequentialist, deontological, and legal analysis, as well as a critique of the practice using social contracts principles. Ultimately, this article utilizes the insights of Dunfee and his coauthors, and the lessons from the backdating example, to propose a framework aimed at improving corporate governance and preventing future executive corruption. The framework includes a strategy of identification and prevention, employing detection and eradication mechanisms, and institutional learning from past instances of corporate corruption
Keywords corruption  corporate governance  stock options backdating  executive and management ethics  private corruption  fiduciary duty
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 11,371
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA
Antonio Argandoña (2003). Private-to-Private Corruption. Journal of Business Ethics 47 (3):253 - 267.
Citations of this work BETA
Similar books and articles
Grant Walton (2009). Rifling Through Corruption's Baggage. International Corporate Responsibility Series 4:179-189.
Edward H. Spence (2008). Corruption in the Media. International Journal of Applied Philosophy 22 (2):231-241.
Analytics

Monthly downloads

Added to index

2010-01-02

Total downloads

5 ( #229,635 of 1,102,844 )

Recent downloads (6 months)

2 ( #182,775 of 1,102,844 )

How can I increase my downloads?

My notes
Sign in to use this feature


Discussion
Start a new thread
Order:
There  are no threads in this forum
Nothing in this forum yet.