The search for an ethical foundation for corporate behaviour has
been a powerful theme of scholarship in company law since the
middle of the last century. In an era of social democracy the
search has intensified, fuelled by the demise of the new right both
in economic and social terms. The author of this path-breaking and
provocative work argues that third way politics offers a means of
identifying that foundation by emphasizing the need for social
co-operation and partnership through shared agendas rather than
regulatory pressure. In contrast to many contemporary
"globalization" theorists the author argues that corporations are
in fact profoundly concerned with national political and social
agendas rather than global ones. The reasons for the demise of the
new right are intimately connected with the position of
corporations within civil society. Corporations have little choice
but to become involved with third way politics and its accompanying
social agendas. These ideas are traced through into a blueprint for
corporate behaviour which looks at Aristotelian ethics as a way of
creating a position for the corporation which permits the goal of
profit to be placed alongside others such as community
participation. These goals, it is argued, can be achieved through
an ethics of care approach.
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