How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance?

Alejo José G. Sison and Dulce M. Redín

Chapter 17 in Research Handbook on Corporate Governance and Ethics, 2023, pp 293-309 from Edward Elgar Publishing

Abstract: This chapter explores how MacIntyre extends Aristotle’s discussion of practical wisdom (phronesis) and explains its consequences for corporate governance. Using MacIntyrean categories, corporate governance is understood as a “second-order practice” in which institutions supply external and material resources to sustain and support “first-order” core practices with their internal goods. This understanding establishes criteria for good corporate governance, promoting not only “goods of effectiveness”, but also - and above all - “goods of excellence” such as the virtues in business organizations.

Keywords: Business and Management; Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2023
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