David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 5 (5):385 - 390 (1986)
This paper attempts to address the question of the ethical obligations of stockholders. Having presumed a rather narrow conception of the nature of property, and citing the limitations on stockholders rights and/or power, some have suggested that stockholders have no significant moral responsibilities. Others say that stockholders have moral responsibilities which they derive from the fact that the shareholders of a corporation are the legal owners of it. This article first of all, contests the view that stockholders have no responsibilities regarding the moral or immoral activities of the corporation in which they invest. It will be maintained, however, that while stockholders have moral responsibilities to monitor corporate decisions and perhaps, to actively try to influence the corporation to act morally, such ethical obligations cannot be derived solely from the stockholders' legal ownership of the corporation. The true ground of the moral obligations of stockholders is a social/political one and one which embraces a broadened conception of the nature of property.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
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
No references found.
Citations of this work BETA
Betty S. Coffey & Gerald E. Fryxell (1991). Institutional Ownership of Stock and Dimensions of Corporate Social Performance: An Empirical Examination. [REVIEW] Journal of Business Ethics 10 (6):437 - 444.
William R. Pasewark & Mark E. Riley (2010). It's a Matter of Principle: The Role of Personal Values in Investment Decisions. [REVIEW] Journal of Business Ethics 93 (2):237 - 253.
William R. Pasewark & Mark E. Riley (2010). It’s a Matter of Principle: The Role of Personal Values in Investment Decisions. Journal of Business Ethics 93 (2):237-253.
Similar books and articles
Ron Bird, Anthony D. Hall, Francesco Momentè & Francesco Reggiani (2007). What Corporate Social Responsibility Activities Are Valued by the Market? Journal of Business Ethics 76 (2):189 - 206.
John Hardwig (2010). The Stockholder – a Lesson for Business Ethics From Bioethics? Journal of Business Ethics 91 (3):329 - 341.
Alejandro Hazera (1995). A Comparison of Japanese and U.S. Corporate Financial Accountability and its Impact on the Responsibilities of Corporate Managers. Business Ethics Quarterly 5 (3):479-497.
Richard T. George (1986). GM and Corporate Responsibility. Journal of Business Ethics 5 (3):177 - 179.
James M. Humber (2002). Beyond Stockholders and Stakeholders: A Plea for Corporate Moral Autonomy. [REVIEW] Journal of Business Ethics 36 (3):207 - 221.
Muhammad Z. Mamun & Mohammad Aslam (2009). Conflicting Approaches of Managers and Stockholders in a Developing Country. International Corporate Responsibility Series 4:317-335.
Richard Nunan (1988). The Libertarian Conception of Corporate Property: A Critique of Milton Friedman's Views on the Social Responsibility of Business. Journal of Business Ethics 7 (12):891 - 906.
Ian Maitland (1994). The Morality of the Corporation. Business Ethics Quarterly 4 (4):445-458.
Andrew Wicks (1999). Getting Real. Business Ethics Quarterly 9 (2):273-293.
Ian Maitland (2001). Distributive Justice in Firms. Business Ethics Quarterly 11 (1):129-143.
Added to index2009-01-28
Total downloads63 ( #72,509 of 1,938,451 )
Recent downloads (6 months)3 ( #214,500 of 1,938,451 )
How can I increase my downloads?