Towards a More 'Ethically Correct' Governance for Economic Sustainability
- Publication Type:
- Journal Article
- Citation:
- Journal of Business Ethics, 2013, 118 (3), pp. 655 - 665
- Issue Date:
- 2013-01-11
Closed Access
| Filename | Description | Size | |||
|---|---|---|---|---|---|
| 2013006545OK.pdf | 204.36 kB |
Copyright Clearance Process
- Recently Added
- In Progress
- Closed Access
This item is closed access and not available.
In this paper, we propose that economic sustainability is seen in terms of (inter-temporal and inter-national) value creation. We claim that value appropriation (or capture), can become a constraint to economic sustainability. We propose that for sustainable value creation to be fostered, corporate governance needs to be aligned to public and supra-national governance. In order to achieve this, a hierarchically layered set of 'agencies', needs to be diagnosed and the issue of incentive alignment addressed. Enlightened self-interest, pluralism and diversity, as well as a representative supra-national organisation for world-wide economic sustainability can serve as a new, more 'ethically correct' governance for economic sustainability, but not a panacea. © 2013 Springer Science+Business Media Dordrecht.
Please use this identifier to cite or link to this item: