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Informal Institutions in the Corporate Governance System in Russia

Piotr Wajszczyk ()
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Piotr Wajszczyk: Łódź University of Technology, Poland

Annales. Ethics in Economic Life, 2016, vol. 19, issue 4, 113-121

Abstract: Various scholars of ethics and economics conduct research on the best modes of decision making which guarantee good outcome and moral behaviour of the individuals involved. Either of the modes considered, rules with regulations or discretion and judgment, find applicability in diversified professional circumstances. The paper investigates how discretion can be used in professional activity by using the Aristotelic-Thomistic framework. Results indicate that such a framework can be used by engineers in their working environments and by other working professionals with the main proposition that only in discretionary decision making is the person able to take full responsibility for the outcomes and to premeditate their moral worth in conscience before resolving to commit the act itself.

Keywords: personalistic professionalism in engineering ethics; discretion; human decision making; conscience; truth (search for similar items in EconPapers)
JEL-codes: B52 K23 L22 (search for similar items in EconPapers)
Date: 2016
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