Journal of Business Ethics 109 (1):3-13 (2012)

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Abstract
This article examines the way that for-profit businesses should take into account the interests of the citizens in the liberal democratic societies in which they operate. I will show how a contractualist version of stakeholder theory identifies the relevant moral interests of both shareholders and citizen stakeholders, and provides a method for giving their interests appropriate consideration. These include (1) the interests that individuals have with respect to private property, (2) the interests citizens have in receiving equitable consideration in the political process, and (3) citizens' interests which give them the collective right to determine the legal and economic structure of their societies. Using this contractualist analysis, I argue that corporations should consciously take into account the interests of citizen stakeholders when there is no other social mechanism for protecting their interests as citizens
Keywords Ethics  Contractualism  Democratic theory  Political philosophy  Stakeholder theory
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DOI 10.1007/s10551-012-1375-6
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References found in this work BETA

What We Owe to Each Other.Thomas Scanlon - 1998 - Belknap Press of Harvard University Press.
What Stakeholder Theory is Not.Andrew C. Wicks - 2003 - Business Ethics Quarterly 13 (4):479-502.
Ending the so-Called 'Friedman-Freeman'debate.R. Edward Freeman - 2008 - Business Ethics Quarterly 18 (2):153-190.

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Citations of this work BETA

Justice Failure: Efficiency and Equality in Business Ethics.Abraham Singer - 2018 - Journal of Business Ethics 149 (1):97-115.
Business Ethics After Citizens United: A Contractualist Analysis.David Silver - 2015 - Journal of Business Ethics 127 (2):385-397.
Corporate Political Speech and Moral Obligation.Mary Lyn Stoll - 2015 - Journal of Business Ethics 132 (3):553-563.

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