A Critique of the Corporate Governance Approaches from a Deontological Perspective: Can the Corporate Objective Embrace the Interests of Employees?
Abstract
What should the corporate objective be? How should the interests of employees feature in said objective? Do employees have intrinsic value other than instrumental value? There are, of course, a number of different arguments that have been advanced in response to these questions; the majority of which have been built upon a range of different theoretical positions. In order to answer such questions, this study critically analyses the most prominent corporate governance approaches, which mostly see employees as only means in the corporation’s and/or shareholders’ ends. The study argues that employees should not merely be treated as instruments to the ends of the corporation or corporate shareholders. It argues that a normative approach to realise the corporate objective can be found within a non-consequential stakeholder theory. Thus according to this paper, employees can be respected genuinely only if the objective of the corporation is redefined from an intrinsic perspective.
Keywords
Corporate Governance,Business Ethics,Stakeholder Theory,Deontological
Kaynakça
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