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How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance?

In: Research Handbook on Corporate Governance and Ethics

Author

Listed:
  • Alejo José G. Sison
  • Dulce M. Redín

Abstract

This chapter explores how MacIntyre extends Aristotle’s discussion of practical wisdom (phronesis) and explains its consequences for corporate governance. Using MacIntyrean categories, corporate governance is understood as a “second-order practice” in which institutions supply external and material resources to sustain and support “first-order” core practices with their internal goods. This understanding establishes criteria for good corporate governance, promoting not only “goods of effectiveness”, but also - and above all - “goods of excellence” such as the virtues in business organizations.

Suggested Citation

  • Alejo José G. Sison & Dulce M. Redín, 2023. "How does MacIntyre extend Aristotle’s account of phronesis and what does this imply for corporate governance?," Chapters, in: Till Talaulicar (ed.), Research Handbook on Corporate Governance and Ethics, chapter 17, pages 293-309, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20437_17
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800880603.00029
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