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2 results

  • 10 - Business ethics and corporate governance

  • from Part 3 - Shareholder activism and business ethics
  • Jean Jacques du Plessis, Deakin University, Victoria, Anil Hargovan, University of New South Wales, Sydney, Beth Nosworthy, University of Adelaide
  • Book:
    Principles of Contemporary Corporate Governance
    Published online:
    25 October 2024
    Print publication:
    27 June 2024, pp 238-274

  • Summary

    This chapter opens with a brief discussion of the nature of business ethics, its significance for corporations and the ethical dimensions of a corporation’s stakeholder relationships. The next section is focused on the causes of ethical problems: bad apples, bad cases and bad barrels. In order to examine these it presents the theory related to each before drawing on three case studies: the HIH failure, the LIBOR case and the destruction of Juukan Gorge. The extent to which we attempt to encourage ethical conduct is discussed in the following section. In particular, that section examines corporate accountability, individual accountability and organisation-level approaches that seek to shape the ethical conduct of corporations. The final section is devoted to some concluding remarks.