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Corporate Governance and Business Ethics: insights from the strategic planning experience

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  • Ingrid Bonn
  • Josie Fisher

Abstract

In this paper we develop an integrated approach towards corporate governance and business ethics. Our central argument is that organisations can learn from the development of strategic planning in the 1970s and 1980s. We identify three weaknesses – a bureaucratic and formalised approach, lack of implementation and lack of integration throughout the organisation – which were prevalent in strategic planning in the past and which are potentially just as problematic for an integrated corporate governance approach to business ethics. We suggest ways these weaknesses might be avoided and provide questions for boards of directors to consider when integrating ethical concerns into their organisations’ corporate governance structures.

Suggested Citation

  • Ingrid Bonn & Josie Fisher, 2005. "Corporate Governance and Business Ethics: insights from the strategic planning experience," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(6), pages 730-738, November.
    • Handle: RePEc:bla:corgov:v:13:y:2005:i:6:p:730-738
    DOI: 10.1111/j.1467-8683.2005.00466.x
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    Cited by:

    1. Katia Furlotti & Tatiana Mazza, 2020. "Code of ethics and workers' communication policies: The role of corporate governance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 3060-3072, November.
    2. Melissa B. Frye & Edward Nelling & Elizabeth Webb, 2006. "Executive Compensation in Socially Responsible Firms," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(5), pages 446-455, September.
    3. Mohammed Frag Alaqla, 2021. "Investigating IT Governance Practice and Its Application, Benefits, and Administrative Implications in the Banking Sector, Saudi Arabia," International Business Research, Canadian Center of Science and Education, vol. 14(3), pages 1-15, March.
    4. Xingqiang Du, 2015. "Does Confucianism Reduce Minority Shareholder Expropriation? Evidence from China," Journal of Business Ethics, Springer, vol. 132(4), pages 661-716, December.
    5. Reyes Calderón & José Álvarez-Arce & Silvia Mayoral, 2009. "Corporation as a Crucial Ally Against Corruption," Journal of Business Ethics, Springer, vol. 87(1), pages 319-332, April.
    6. Luis Rodriguez-Dominguez & Isabel Gallego-Alvarez & Isabel Garcia-Sanchez, 2009. "Corporate Governance and Codes of Ethics," Journal of Business Ethics, Springer, vol. 90(2), pages 187-202, December.
    7. Chris Mallin & Kean Ow-Yong, 2010. "The UK Alternative Investment Market – Ethical Dimensions," Journal of Business Ethics, Springer, vol. 95(2), pages 223-239, September.
    8. Pugliese, A. & Bezemer, P.J. & Zattoni, A. & Huse, M. & van den Bosch, F.A.J. & Volberda, H.W., 2009. "Boards of Directors’ Contribution to Strategy: A Literature Review and Research Agenda," ERIM Report Series Research in Management ERS-2009-013-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    9. Stefan Mann, 2016. "Governing complementary responsibility goods through hybrid systems in a globalizing world," Journal of Socio-Economics in Agriculture (Until 2015: Yearbook of Socioeconomics in Agriculture), Swiss Society for Agricultural Economics and Rural Sociology, vol. 9(1), pages 14-21.
    10. Alex Chan & Hoi Cheung, 2012. "Cultural Dimensions, Ethical Sensitivity, and Corporate Governance," Journal of Business Ethics, Springer, vol. 110(1), pages 45-59, September.
    11. Benny Wendry & Umar Nimran & Hamidah Nayati Utami & Tri Wulida Afrianty, 2023. "The role of good corporate governance in mediating the effect of planning, coordination, supervision, and organizational culture on firm performance and firm sustainability," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2509-2521, March.
    12. Xingqiang Du & Jianying Weng & Quan Zeng & Hongmei Pei, 2017. "Culture, Marketization, and Owner-Manager Agency Costs: A Case of Merchant Guild Culture in China," Journal of Business Ethics, Springer, vol. 143(2), pages 353-386, June.
    13. Monica Ramos Montesdeoca & Agustín J. Sánchez Medina & Felix Blázquez Santana, 2019. "Research Topics in Accounting Fraud in the 21st Century: A State of the Art," Sustainability, MDPI, vol. 11(6), pages 1-31, March.
    14. Garanina, Tatiana & Aray, Yulia, 2021. "Enhancing CSR disclosure through foreign ownership, foreign board members, and cross-listing: Does it work in Russian context?," Emerging Markets Review, Elsevier, vol. 46(C).
    15. Xingqiang Du, 2013. "Does Religion Matter to Owner-Manager Agency Costs? Evidence from China," Journal of Business Ethics, Springer, vol. 118(2), pages 319-347, December.
    16. Isabel-María García-Sánchez & Luis Rodríguez-Domínguez & José-Valeriano Frías-Aceituno, 2015. "Board of Directors and Ethics Codes in Different Corporate Governance Systems," Journal of Business Ethics, Springer, vol. 131(3), pages 681-698, October.
    17. Pierluigi Santosuosso, 2016. "A Ten-Step Model for Solving Ethical Dilemmas," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(12), pages 1-30, November.
    18. Isabel-María García-Sánchez & Luis Rodríguez-Domínguez & Isabel Gallego-Álvarez, 2013. "CEO qualities and codes of ethics," European Journal of Law and Economics, Springer, vol. 35(2), pages 295-312, April.

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