The Common Good of the Firm as the Fiduciary Duty of the Manager

Peter Koslowski

Chapter Chapter 5 in Global Perspectives on Ethics of Corporate Governance, 2006, pp 67-76 from Palgrave Macmillan

Abstract: Abstract Working toward the common good is usually seen as the task of government and an obligation for politicians, not for managers of large corporations. The common good is a concept that is talked about constantly, made concrete rarely, and viewed as an empty promise ever so often. It seems to be a difficult obligation to work for the common good and to consider the effects of one’s own action on the public good if, as occurs in a market society, every one has the right to follow his self-interest or private good.

Keywords: Business Ethic; Public Good; Corporate Governance; Public Interest; Common Good (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-312-37619-2_6

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DOI: 10.1057/9780312376192_6

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