Despite the omnipresence of the fiduciary in business organisations, there is an omission of theorisations of this legal concept within business ethics literature. This is surprising considering its widespread and embedded use, but even more so given that the presence of ethics within the fiduciary is increasingly contested ground. This article addresses both issues by theorising the fiduciary using an ontological analysis—one which subsequently helps identify a suitable ethical framework. The article argues on two grounds that the ontology of the (...) fiduciary is inherently relational; it renders the fiduciary’s implicit ontology explicit. Firstly, the fiduciary is shown to be process-oriented, indicating an open, emergent, and relational ontology at work. Secondly, historical investigation of the development of the fiduciary highlights its core relationship structure, and the interdependency and power dynamic embedded in the fiduciary are revealed. The argument is advanced that by bringing this inherent relational ontology to the fore, we can see how a relational ethical framework—the Ethics of Care—is best placed to explicate the ethics at work in the fiduciary. The article concludes with a discussion outlining how this ontological theorisation offers utility in steering future practice of the fiduciary. (shrink)

The neglect of marginalized stakeholders is a colossal problem in both stakeholder and entrepreneurship streams of literature. To address this problem, we offer a theory of marginalized stakeholder-centric entrepreneurship. We conceptualize how firms can utilize marginalized stakeholder input actualization through which firms should process a variety of ideas, resources, and interactions with marginalized stakeholders and then filter, internalize, and, finally, realize important elements that improve a variety of related socioeconomic, ethical, racial, contextual, political, and identity issues. This input actualization process (...) enables firms to innovate with marginalized stakeholders and develop marginalized stakeholder capabilities. To this end, firms fulfill both their moral and entrepreneurial claims to marginalized stakeholders. (shrink)

I argue that meta-ignorance and meta-insensitivity are the key sources influencing the reoccurrence of the (un)conscious misrepresentation of marginalized groups in management and organization research; such misrepresentation, in effect, perpetuates epistemic neocolonialism. Meta-ignorance describes incorrect epistemic attitudes, which render researchers ignorant about issues such as contextual history and emotional and political aspects of a social problem. Researcher meta-ignorance can be a permanent feature, given how researchers define, locate, and make use of their epistemic positionality and privilege. In contrast, meta-insensitivity is (...) a special issue that arises when researchers miss multiple opportunities to capture valuable aspects of marginalized groups’ voices or their life experiences and expectations. The problem of meta-insensitivity during fieldwork is more serious because researchers—despite their apparent willingness to be innovative—fail to understand how to be sensitive toward marginalized groups. The perpetuation of these elements’ misrepresentation contributes to long-lasting negative consequences for marginalized groups. To counter this, I introduce and conceptualize the idea of oppositional views which researchers can mobilize to address misrepresentation of marginalized groups and challenge epistemic neocolonialism. (shrink)