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Stakeholder Theories of Corporate Governance, Corporate Social Responsibility and Multilateral Human Rights Regimes: Do They Advance Accountability in the Promotion and Development of Human Rights Norms, Laws and Practices? |
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Abstract:
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Traditional forms of corporate governance stress the basic significance of business ethics and financial probity. Business ethics, particularly in Anglo-American market and cultural contexts, underscore the importance of corporate governance in terms of principals and their agents. These agents include chief executive officers, financial officers, and managers at all levels. Corporate codes designed according to the strictures, rules, and regulations of business ethics emphasize the single “bottom line,” and in varying degrees, transparent procedures for financial auditing and accounting. Although essential, the standard fare of business ethics particularly those grounded in shareholder theories, fail to address the questions associated with global market failures and the requirements of collective public goods, in an era when firms operate transnationally. Thus this paper asks: how do we think about corporate accountability in the context of market failures. Related to this is the need to establish a basis for legitimating corporate provision of collective public goods within a private sector demarcated by global capital and transnational corporations. Possible answers point toward analytical connections linking market failures and collective public goods with the development of cosmopolitan ethical propositions appropriate to corporate governance theorized as cosmopolitan capitalism. This approach seeks to identify the principles that would connect shareholding and stake holding perspectives to that of corporate accountability in ways relevant to ethical and economic formations within cosmopolitan capitalism. The implications for international human rights regimes are implied by the analysis of normative regimes. |
Most Common Document Word Stems:
corpor (255), cosmopolitan (144), firm (139), govern (137), market (112), capit (106), global (104), social (90), ethic (85), normat (80), stakehold (79), sharehold (77), principl (71), theori (71), respons (70), form (57), agent (57), account (57), way (56), valu (56), right (54), |
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shareholders, stakeholders, normative perspectives, corporate social responsibility |
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Association:
Name: American Political Science Association URL: http://www.apsanet.org
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Citation:
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MLA Citation:
| Weisband, Edward. "Stakeholder Theories of Corporate Governance, Corporate Social Responsibility and Multilateral Human Rights Regimes: Do They Advance Accountability in the Promotion and Development of Human Rights Norms, Laws and Practices?" Paper presented at the annual meeting of the American Political Science Association, Marriott Wardman Park, Omni Shoreham, Washington Hilton, Washington, DC, Sep 01, 2005 <Not Available>. 2009-05-25 <http://www.allacademic.com/meta/p41904_index.html> |
APA Citation:
| Weisband, E. , 2005-09-01 "Stakeholder Theories of Corporate Governance, Corporate Social Responsibility and Multilateral Human Rights Regimes: Do They Advance Accountability in the Promotion and Development of Human Rights Norms, Laws and Practices?" Paper presented at the annual meeting of the American Political Science Association, Marriott Wardman Park, Omni Shoreham, Washington Hilton, Washington, DC Online <PDF>. 2009-05-25 from http://www.allacademic.com/meta/p41904_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Traditional forms of corporate governance stress the basic significance of business ethics and financial probity. Business ethics, particularly in Anglo-American market and cultural contexts, underscore the importance of corporate governance in terms of principals and their agents. These agents include chief executive officers, financial officers, and managers at all levels. Corporate codes designed according to the strictures, rules, and regulations of business ethics emphasize the single “bottom line,” and in varying degrees, transparent procedures for financial auditing and accounting. Although essential, the standard fare of business ethics particularly those grounded in shareholder theories, fail to address the questions associated with global market failures and the requirements of collective public goods, in an era when firms operate transnationally. Thus this paper asks: how do we think about corporate accountability in the context of market failures. Related to this is the need to establish a basis for legitimating corporate provision of collective public goods within a private sector demarcated by global capital and transnational corporations. Possible answers point toward analytical connections linking market failures and collective public goods with the development of cosmopolitan ethical propositions appropriate to corporate governance theorized as cosmopolitan capitalism. This approach seeks to identify the principles that would connect shareholding and stake holding perspectives to that of corporate accountability in ways relevant to ethical and economic formations within cosmopolitan capitalism. The implications for international human rights regimes are implied by the analysis of normative regimes. |
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PDF |
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29 |
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14025 |
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| COSMOPOLITAN CAPITALISM: THEORIES OF THE FIRM CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY EDWARD WEISBAND Department of Political Science and The School of Public and International Affairs Virginia Tech _________________________ A Paper Presented at the Globalization and Human Rights Panel of the Annual Meeting of the American Political Science Association September 1 2005 Washington D.C. Preliminary draft not for citation; comments are welcome. The author thanks David P. Dansereau and Courtney Irene Powell Thomas for technical support. Cosmopolitan Capitalism Edward Weisband |
| and Corporate Performance The Journal of Behavioral Economics 19:361-375. Shankman N.A. (1999) Reframing the Debate Between Agency and Stakeholder Theories of the Firm Journal of Business Ethics 19: 4 319-334. Sullivan D.P. and D.E. Conlon (1997) Crisis and Transition in Corporate Governance Paradigms: The Role of the Chancery Court of Delaware Law and Society Review 31 713-763. Valor C. (2005) Corporate Social Responsibility and Corporate Citizenship: Towards Corporate Accountability Business and Society Review 110:2 191-212 Vogel D. (2005) The |
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