Self-discovery leads to the development of the ethics of self-mastery. Many ethical systems prescribe how the individual could attain self-mastery by means of critical self-examination or self-analysis. Once such critical self-examination or self-analysis is successfully carried out, the individual begins to use himself, his personal preferences, as the standard of what is right or wrong. This is the background to the Confucian, Kantian and Existentialist ethics of categorical imperatives. Even in religious ethical systems that attribute the source of the moral (...) law to divine authority, the individual still has to take a leap of faith to discover God's purpose for his existence, which he then internalizes. In the final analysis, any ethics that truly works must issue forth from the self. Hence self-mastery is the absolutely fundamental premise upon which to erect a sound moral character. (shrink)

Self-discovery leads to the development of the ethics of self-mastery. Many ethical systems prescribe how the individual could attain self-mastery by means of critical self-examination or self-analysis. Once such critical self-examination or self-analysis is successfully carried out, the individual begins to use himself, his personal preferences, as the standard of what is right or wrong. This is the background to the Confucian, Kantian and Existentialist ethics of categorical imperatives. Even in religious ethical systems that attribute the source of the moral (...) law to divine authority, the individual still has to take a leap of faith to discover God's purpose for his existence, which he then internalizes. In the final analysis, any ethics that truly works must issue forth from the self. Hence self-mastery is the absolutely fundamental premise upon which to erect a sound moral character. (shrink)

The ongoing discourse on Corporate Social Responsibility (CSR) recognises two positions canvassed extensively in literature. These positions have crystallised in the agency theory and the stakeholder theory. The agency theory holds the proposition to be true that the social responsibility of business is profit maximisationand that the duty of the business executive or manager is to produce result for his employer(s) namely, the board of directors and the shareholders. The stakeholder theory, on the other hand, avers that beyond the board (...) of directors and the shareholders of a company there are a large number of stakeholders that are affected by the operations of a firm; and that these stakeholders deserve some gestures of goodwill and solidarity from business organisations, which in turn would impact positively on their operations. A third position often glossed over in this arena which I propose to canvass is what I choose to call the “obligatory theory” of corporate social responsibility which simply states that a business organisation is duty-bound or obligated to be socially responsible to the environment of operation. (shrink)