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The Moral Responsibility of Firms (Hardcover)
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The Moral Responsibility of Firms (Hardcover)
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Individuals are generally considered morally responsible for their
actions. Who or what is responsible when those individuals become
part of business organizations? Can we correctly ascribe moral
responsibility to the organization itself? If so, what are the
grounds for this claim and to what extent do the individuals also
remain morally responsible? If not, does moral responsibility fall
entirely to specific individuals within the organization and can
they be readily identified? A perennial question in business ethics
has concerned the extent to which business organizations can be
correctly said to have moral responsibilities and obligations. In
philosophical terms, this is a question of "corporate moral
agency." Whether firms can be said to be moral agents and to have
the capacity for moral responsibility has significant practical
consequences. In most legal systems in the world, business firms
are recognized as "persons" with the ability to own property, to
maintain and defend lawsuits, and to self-organize governance
structures. To recognize that these "business persons" can also act
morally or immorally as organizations, however, would justify the
imposition of other legal constraints and normative expectations on
organizations. In the criminal law, for example, the idea that an
organized firm may itself have criminal culpability is accepted in
many countries (such as the United States) but rejected in others
(such as Germany). This book collects new contributions by leading
business scholars in business ethics, philosophy, and related
disciplines to extend our understanding of the "moral
responsibility of firms."
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