Corporate Governance, Responsibility and Compassion: Why we Should Care

Research output: Chapter in Book/Report/Conference proceedingChapter in a book

Abstract

This chapter argues that a key barrier to responsible corporate governance practice is the hierarchical structure of ‘traditional’ large corporations. This hierarchy, coupled with an individualistic, profit seeking approach, obstructs the broader goals and possibilities of corporate governance. Feminist literature and positive organization scholarship are explored as possible theoretical territories in which solutions to the problems might be found. The ethic of care has a relational focus which recognizes the interdependencies existing inside and outside the organization. Similarly, a literature has grown emphasizing compassion as a behavioural principle. This dual focused approach gives rise to a preference for a more horizontally structured organization - rather than a bureaucratic and hierarchical form - to nurture the relationships involved, with greater care and compassion. This approach, it is argued, offers more fertile ground for positive corporate behaviour.
Original languageEnglish
Title of host publicationShaping the Corporate Landscape
Subtitle of host publicationTowards Corporate Reform and Enterprise Diversity
EditorsNina Boeger, Charlotte Villiers
Place of PublicationUK
PublisherHart Publishing
Edition1
Publication statusAccepted/In press - 2017

Keywords

  • Corporate Governance, Responsibility, Care, Compassion

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