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.

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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:

13 citations in Scopus
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9 citations in Web of Science®

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Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

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114 since deposited on 24 May 2015
69 in the past twelve months

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ID Code: 84414
Item Type: Journal Article
Refereed: Yes
Keywords: Corporate Governance, Governance System Convregence, Stakeholder Theory, Morality of Governance Systems
DOI: 10.1111/j.1467-8683.2008.00722.x
ISSN: 0964-8410
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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