Journal of Business Ethics 71 (4):359-370 (2007)
AbstractAlthough McMahon offers a potentially valuable extension of Joseph Raz's conceptualization of authority by distinguishing three different kinds of authority, this paper argues, first, that his account of the conditions and considerations that would justify managerial authority is problematic because it relies on a conception of reasons for action that excludes precisely the kind of rationality that plays an important role in the␣explanation and justification of authority in economic␣organization. This paper explains, second, why McMahon's thesis of the justificatory similarity of authority in governments and nongovernmental organizations can also be seen to hold for corporate governance of publicly owned firms more specifically. Finally, this paper raises some critical objections against McMahon's presumption of democratic governance in governments and NGO's alike. The thrust of these objections is that democratic corporate governance does not make sense in the publicly owned firms because: it will not produce results that are fair or welfare maximizing, and it will undermine the legitimacy of managerial authority in such firms
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Citations of this work
Contextualizing Corporate Political Responsibilities: Neoliberal CSR in Historical Perspective.Marie-Laure Djelic & Helen Etchanchu - 2017 - Journal of Business Ethics 142 (4):641-661.
Dominant Articulations in Academic Business and Society Discourse on NGO–Business Relations: A Critical Assessment. [REVIEW]Salla Laasonen, Martin Fougère & Arno Kourula - 2012 - Journal of Business Ethics 109 (4):521-545.
The Role of Corporations in Shaping the Global Rules of the Game: In Search of New Foundations.J. van Oosterhout - 2010 - Business Ethics Quarterly 20 (2):253-264.
The Role of Corporations in Shaping the Global Rules of the Game: In Search of New Foundations.J. Van Oosterhout - 2010 - Business Ethics Quarterly 20 (2):253-264.
Two Forms of Responsibility – Organizational and Societal.Robert Albin - 2017 - Philosophy of Management:1-15.
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