There has, in recent decades, been considerable scholarship regarding the moral aspects of corporate governance, and differences in corporate governance practices around the world have been widely documented and investigated. In such a context, the claims associated with moral relativism are relevant. The purpose of this paper is to provide a detailed consideration of how the metaethical and normative claims of moral relativism in particular can be applied to corporate governance. This objective is achieved, firstly, by reviewing what is meant (...) by metaethical moral relativism and identifying two ways in which the metaethical claim can be assessed. The possibility of a single, morally superior model of corporate governance is subsequently considered through an analysis of prominent works justifying the shareholder and stakeholder approaches, together with a consideration of academic agreement in this area. The paper then draws on the work of Wong, firstly in providing an argument supporting metaethical moral relativism and secondly regarding values of tolerance and/or accommodation that can contribute to the normative claim. The paper concludes by proposing an argument that it is morally wrong to impose a model of corporate governance where there are differences in moral judgements relevant to corporate governance, or to interfere with a model in similar circumstances, and closes with consideration of the argument’s implications. (shrink)

Hedonism: the view that (i) pleasure is the only thing that is intrinsically good, and (ii) pain is the only thing that is intrinsically bad; furthermore, the view that (iii) a complex thing such as a life, a possible world, or a total consequence of an action is intrinsically good iff it contains more pleasure than pain.

The students and colleagues of Roderick Chisholm admired and respected Chisholm. Many were filled not only with admiration, but with affection and gratitude for Chisholm throughout the time we knew him. Even now that he is dead, we continue to wish him well. Under the circumstances, many of us probably think that that wish amounts to no more than this: we hope that things went well for him when he lived; we hope that he had a good life.

Most management researchers pause at the threshold of objective right and wrong. Their hesitation is understandable. Values imply a “subjective,” personal dimension, one that can invite religious and moral interference in research. The dominant epistemological camps of positivism and subjectivism in management stumble over the notion of moral objectivity. Empirical research can study values in human behavior, but hard-headed scientists should not assume that one value can be objectively better than another. In this article, we invite management researchers to rethink (...) this presumption. We show how accepting at least a limited form of moral objectivity, namely, an epistemic orientation that seeks objective moral reasons, can benefit management research by 1. guiding research practice; 2. using patterns of moral objectivity as clues for formulating empirical hypotheses for psychological explanations; and 3. adding prescriptive power to empirical theories. (shrink)

This thesis defends a hedonistic theory of value consisting of two main components. Part 1 offers a theory of pleasure. Pleasures are experiences distinguished by a distinct phenomenological quality. This quality is attitudinal in nature: it is the feeling of liking. The pleasure experience is also an object of this attitude: when feeling pleasure, we like what we feel, and part of how it feels is how this liking feels: Pleasures are Internally Liked Experiences. Pleasure plays a central role in (...) the motivational system such that pleasure tends to influence, and in turn be influenced by, other motivational, dispositional and evaluative states of the agent. While this connection is strong, it is often indirect and contingent - the necessary attitudinal connection is a matter of how pleasure feels, not of how it functions. -/- Part 2 is concerned with the nature of value. What kind of problem is it that value poses, and what ought a theory of value to do? In face of the fundamental disagreements that persist over these questions, we try to gather and systemize what we can agree upon about value, and then develop a theory that accounts for (enough of) those things. Meta-ethical naturalism, as developed here, is the view that value is a natural property, identified via the role “value” plays according to the best systematization of moral and evaluative thought. The theory engaging meta-ethics with the scientific investigation of matters relevant to value: we need to understand the causal processes behind our beliefs in order to make an informed decision about which of the competing theories offers the best explanation of value. Finally, the argument is made that the nature and function of pleasure shows it to play the kind of explanatory role necessary for a sound naturalistic reduction of value: it makes many of our beliefs about value true, and it is causally responsible for most of our attributions and beliefs about value. (shrink)