IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/20437_18.html
   My bibliography  Save this book chapter

A pragmatist case for thoughtfulness and experimentation in corporate governance

In: Research Handbook on Corporate Governance and Ethics

Author

Listed:
  • Donald Nordberg

Abstract

Despite interminable debate, ethical perspectives have sought to stem the abuse of corporate power by focusing on the split between utility-focused attention to shareholder value, including the ‘enlightened’ kind, and duty-focused imperatives in stakeholder theory. Through thought experiments, this chapter builds a case for a different approach. Ethics scholars including Brandt (1959) and Frankena (1963) highlight contrasting approaches to both utility and duty, separating formation of general rules from examination of individual acts. Act-based ethics points us toward the pragmatism of James (1907/1955) and Dewey (1930) and ‘what works.’ In the context of boards, that means connecting duty and consequences and encouraging a fullness of thought: board-level thoughtfulness. This approach has echoes of Werhane’s (2002, 2008) concept of moral imagination and Rorty’s (2006) more radical call to reject recipes and seek new solutions.

Suggested Citation

  • Donald Nordberg, 2023. "A pragmatist case for thoughtfulness and experimentation in corporate governance," Chapters, in: Till Talaulicar (ed.), Research Handbook on Corporate Governance and Ethics, chapter 18, pages 310-327, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20437_18
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/doi/10.4337/9781800880603.00030
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:20437_18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.