The Corporate Governance Conundrum: perspectives from Dante's Inferno
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AbstractThe Corporate Governance Conundrum: Perspectives from
Dante’s Inferno. Corporate sustainability reporting, renowned as an instrument
for businesses to communicate how they function more efficiently and
responsibly within the social and physical environment, while simultaneously
remaining profitable, has evolved in an up-and-coming trend by businesses.
Recent corporate history saw much contrast in ethical behaviour in the
global corporate environment. On the one hand, Dante’s deadly sin of avarice
was running amok, which resulted in spectacular corporate demises. On the
other hand, there was the rise of the concept of sustainable development,
which describes an organisational culture change aiming to ensure that
routine business decisions are made within an economically, socially and
environmentally responsible framework. However, given the realities of
the modern business environment, intangible ethical philosophies and lipservice
codes of ethical conduct may often not be sufficient to ensure
responsible and sustainable corporate, environmental and social development.
This article reflects on how corporate sin potentially contributes to the
contemporary corporate governance conundrum as well as on whether
ethics codes can change ethical behaviour.
Buys, Pieter; Cronje, Christo (2016) The Corporate Governance Conundrum: perspectives from Dante's Inferno. STUDIA UBB. PHILOSOPHIA, Vol. 61 (2016), 3, pp. 119-133