The Ethical Principles Determining the Contents of Corporate Governance Rules and Systems

Michel Dion
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Michel Dion: Département de management, Faculté d'administration, Université de Sherbrooke, 2500 boul. Université, Sherbrooke (Québec) J1K 2R1, Canada

Society and Economy, 2005, vol. 27, issue 2, 195-211

Abstract: The basic ethical values enhancing good corporate governance - as they are internationally recognised in national and international reports about corporate governance from the Cadbury report (1992) to the OECD Principles (2004) - are the following ones: fairness, accountability, transparency. Such values are required to achieve the desired confidence of shareholders and other stakeholders. Three main ultimate values constitute the basis of every corporate governance system:(a) an orientation towards Justice-itself through the actualisation of the following values: fairness, integrity, and objectivity; (b) an orientation towards Truth-itself through the actualisation of values of openness, trustfulness, and transparency; (c) the orientation towards Harmony through attitudes of collaboration, care and diligence.

Keywords: corporate governance; ethical principles; accountability (search for similar items in EconPapers)
Date: 2005
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