 Chapter 6: The Nexus of Managerial Imperfect Duty: Relations of Virtue, Discourse, and Due DiligenceRichard M. Robinson
A chapter in Business Ethics: Kant, Virtue, and the Nexus of Duty, 2022, pp 101-121 from Springer Abstract: Abstract The nexus of imperfect managerial-duty is defined as management’s collection of volitional attitudes and actions in pursuit of a moral purpose, but that have practical limits. This describes business behavior towards building affable and virtuous relations, maintaining reasoned social- discourse, and performing the due diligence necessary for making knowledgeable business decisions. A theory of the development and extent of the limits of these imperfect managerial duties is presented here, a theory that in part explains the activities and personnel included under the firm’s umbrella. As a result, the nexus of imperfect duty is shown to complement the perfect duty-based nexus-of-contracts theory of the firm. The existence of flexible tradeoffs involving these imperfect duties, tradeoffs not easily amenable in contractual arrangements whether explicit or implicit, is shown to be one of the advantages of imperfect duty for developing business relations. As a result, the pursuit of shareholder wealth is not subject to contracting, i.e. it is not a perfect duty. Shareholder wealth pursuit emerges from the nexus of imperfect duty. Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-85997-8_6 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-85997-8_6 Access Statistics for this chapter More chapters in Springer Texts in Business and Economics from Springer |
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