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The Common Good of the Firm as the Fiduciary Duty of the Manager

In: Global Perspectives on Ethics of Corporate Governance

Author

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  • Peter Koslowski

Abstract

Working toward the common good is usually seen as the task of government and an obligation for politicians, not for managers of large corporations. The common good is a concept that is talked about constantly, made concrete rarely, and viewed as an empty promise ever so often. It seems to be a difficult obligation to work for the common good and to consider the effects of one’s own action on the public good if, as occurs in a market society, every one has the right to follow his self-interest or private good.

Suggested Citation

  • Peter Koslowski, 2006. "The Common Good of the Firm as the Fiduciary Duty of the Manager," Palgrave Macmillan Books, in: G. J. Deon Rossouw & Alejo José G. Sison (ed.), Global Perspectives on Ethics of Corporate Governance, chapter 0, pages 67-76, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-312-37619-2_6
    DOI: 10.1057/9780312376192_6
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    Cited by:

    1. Andrea Roncella & Ignacio Ferrero, 2020. "A MacIntyrean Perspective on the Collapse of a Money Market Fund," Journal of Business Ethics, Springer, vol. 165(1), pages 29-43, August.
    2. Argandoña, Antonio, 2009. "The common good of the company and the theory of organization," IESE Research Papers D/777, IESE Business School.
    3. Martin Schlag & Domènec Melé, 2020. "Building Institutions for the Common Good. The Practice and Purpose of Business in an Inclusive Economy," Humanistic Management Journal, Springer, vol. 5(1), pages 1-6, July.

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