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Towards a More ‘Ethically Correct’ Governance for Economic Sustainability.
- Source :
- Journal of Business Ethics; Dec2013, Vol. 118 Issue 3, p655-665, 11p
- Publication Year :
- 2013
-
Abstract
- In this paper, we propose that economic sustainability is seen in terms of (inter-temporal and inter-national) value creation. We claim that value appropriation (or capture), can become a constraint to economic sustainability. We propose that for sustainable value creation to be fostered, corporate governance needs to be aligned to public and supra-national governance. In order to achieve this, a hierarchically layered set of ‘agencies’, needs to be diagnosed and the issue of incentive alignment addressed. Enlightened self-interest, pluralism and diversity, as well as a representative supra-national organisation for world-wide economic sustainability can serve as a new, more ‘ethically correct’ governance for economic sustainability, but not a panacea. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01674544
- Volume :
- 118
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Journal of Business Ethics
- Publication Type :
- Academic Journal
- Accession number :
- 92624564
- Full Text :
- https://doi.org/10.1007/s10551-012-1616-8