Corporate governance convergence and moral relativism
West, Andrew (2009) Corporate governance convergence and moral relativism. Corporate Governance : An International Review, 17(1), pp. 107-119.
Research question / issue
This paper frames the debate on corporate governance convergence in terms of the morality underlying corporate governance models. The claims and arguments of moral relativism are presented to provide theoretical structure to the moral aspects of corporate governance convergence, and ultimately the normative question of whether convergence should occur.
Research findings / insights:
The morality underlying different models of corporate governance has largely been ignored in the corporate governance convergence literature. A range of moral philosophies and principles that underlie the dominant corporate governance models are identified. This leads to a consideration of the claims and arguments of moral relativism relating to corporate governance. A research agenda around the claims of Descriptive and Metaethical moral relativism, and which ultimately informs the associated normative argument, is then suggested.
Theoretical / Academic implications
The application of moral relativism to the debate on corporate governance convergence presents a theoretical structure to the analysis and consideration of its moral aspects. This structure lends itself to further research, both empirical and conceptual.
Practitioner / Policy implications
The claims and arguments of moral relativism provide a means of analysing calls that are made for a culturally or nationally ‘appropriate’ model of corporate governance. This can assist in providing direction for corporate governance reforms and is of particular relevance for developing countries which have inherited Western corporate governance models through colonialism.
Impact and interest:
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|Item Type:||Journal Article|
|Keywords:||Corporate Governance, Governance System Convregence, Stakeholder Theory, Morality of Governance Systems|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2009 The Author. Journal compilation copyright 2009 Blackwell Publishing Ltd|
|Deposited On:||24 May 2015 22:55|
|Last Modified:||30 May 2015 14:05|
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