Edging Toward ‘Reasonably’ Good Corporate Governance

Philosophy of Management 17 (3):353-371 (2018)
Download Edit this record How to cite View on PhilPapers
Abstract
Over four decades, research and policy have created layers of understandings in the quest for "good" corporate governance. The corporate excesses of the 1970s sparked a search for market mechanisms and disclosure to empower shareholders. The UK-focused problems of the 1990s prompted board-centric, structural approaches, while the fall of Enron and many other companies in the early 2000s heightened emphasis on director independence and professionalism. With the financial crisis of 2007–09, however, came a turn in some policy approaches and in academic literature seeking a different way forward. This paper explores those four phases and the discourse each develops and then links each to assumptions about accountability and cognition. After the financial crisis came pointers in policy and practice away from narrow, rationalist prescriptions and toward what the philosopher Stephen Toulmin calls "reasonableness". Acknowledging that heightens awareness of complexity and interdependence in corporate governance practice. The paper then articulates a research agenda concerning what "reasonably" good corporate governance might entail.
PhilPapers/Archive ID
NORETR
Revision history
Archival date: 2018-04-09
View upload history
References found in this work BETA
The Uses of Argument.Will, Frederick L. & Toulmin, Stephen

View all 11 references / Add more references

Citations of this work BETA
Editor’s Introduction.Vandekerckhove, Wim

Add more citations

Added to PP index
2018-02-08

Total views
21 ( #36,629 of 39,538 )

Recent downloads (6 months)
9 ( #32,604 of 39,538 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks to external links.