Business Ethics as Self-Regulation: Why Principles that Ground Regulations Should Be Used to Ground Beyond-Compliance Norms as Well [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
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Journal of Business Ethics 102 (S1):43-57 (2011)
Theories of business ethics or corporate responsibility tend to focus on justifying obligations that go above and beyond what is required by law. This article examines the curious fact that most business ethics scholars use concepts, principles, and normative methods for identifying and justifying these beyond-compliance obligations that are very different from the ones that are used to set the levels of regulations themselves. Its modest proposal—a plea for a research agenda, really—is that we could reduce this normative asymmetry by borrowing from the normative framework of “regulation” to identify and justify an important range of beyond-compliance obligations. In short, we might think of “self-regulation” as a language and a normative framework with some distinct advantages over other frameworks like stakeholder theory, corporate social responsibility, corporate citizenship, and the like. These other frameworks have been under attack in the business ethics literature of late, primarily for their vagueness and their disappointing inability to distinguish clearly between genuine beyond-compliance moral obligations, on the one hand, and charitable acts that are laudable but not morally obligatory, on the other.
|Keywords||Business ethics Regulation Self-regulation Corporate social responsibility Stakeholder theory Corporate citizenship Beyond-compliance obligations Market failure|
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References found in this work BETA
John Raymond Boatright (2009). Ethics and the Conduct of Business. Pearson Prentice Hall.
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Citations of this work BETA
Pierre-Yves Néron (forthcoming). Rethinking the Ethics of Corporate Political Activities in a Post-Citizens United Era: Political Equality, Corporate Citizenship, and Market Failures. Journal of Business Ethics.
Christoph Luetge, Thomas Armbrüster & Julian Müller (forthcoming). Order Ethics: Bridging the Gap Between Contractarianism and Business Ethics. Journal of Business Ethics.
Dominic Martin (2013). The Contained-Rivalry Requirement and a 'Triple Feature' Program for Business Ethics. Journal of Business Ethics 115 (1):167-182.
Peter Martin Jaworski (2013). An Absurd Tax on Our Fellow Citizens: The Ethics of Rent Seeking in the Market Failures (or Self-Regulation) Approach. Journal of Business Ethics (3):1-10.
Alan Reinstein & Eileen Z. Taylor (forthcoming). Fences as Controls to Reduce Accountants’ Rationalization. Journal of Business Ethics.
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