This paper examines the relationship between CEO incentives and strong and weak corporate social performance. Using the KLD database we find that incentives have no significant relationship with strong social performance. Salary and long-term incentives have a positive association with weak social performance.

ABSTRACT:This article assesses the proliferation of international accountability standards (IAS) in the recent past. We provide a comprehensive overview about the different types of standards and discuss their role as part of a new institutional infrastructure for corporate responsibility. Based on this, it is argued that IAS can advance corporate responsibility on a global level because they contribute to the closure of some omnipresent governance gaps. IAS also improve the preparedness of an organization to give an explanation and a justification (...) to relevant stakeholders for its judgments, intentions, acts and omissions when appropriately called upon to do so. However, IAS also face a variety of problems impeding their potential to help address social and environmental issues. The contribution of the four articles in this special section is discussed in the context of standards’ problems and opportunities. The article closes by outlining a research agenda to further develop and extend the scholarly debate around IAS. (shrink)

Hubert Dreyfus has argued that cases of absorbed bodily coping show that there is no room for self-awareness in flow experiences of experts. In this paper, I argue against Dreyfus’ maxim of vanishing self-awareness by suggesting that awareness of agency is present in expert bodily action. First, I discuss the phenomenon of absorbed bodily coping by discussing flow experiences involved in expert bodily action: merging into the flow; immersion in the flow; emergence out of flow. I argue against the claim (...) that flow experience does not involve an awareness of agency for each of these features, while conceding that fluent agency does not involve self-awareness in the thetic sense. I challenge the assumption that the awareness of fluent agency must be understood in terms of a thetic awareness of agency. Instead, I develop an Anscombean account of the awareness of fluent agency in terms of the phenomenal character of knowing one’s aims. I respond to the challenge that if an Anscombean account of the awareness of agency is to succeed, then agents must be able to answer Anscombean questions. I consider the objection that awareness of agency is not a form of self-awareness by outlining an account of self-awareness as self-synthesis that is distinct from self-perception and self-ascription, but which makes room for self-awareness in expert bodily action. (shrink)

This article presents an integrative conceptual framework for linking corporate social performance, stakeholders, and quality of management, then tests this framework empirically. Results provide strong support for the hypothesis that perceived quality of management can be explained by the quality of performance with respect to specific primary stakeholders: owners, employees, customers, and (marginally) communities, but treatment of ecological environmental considera- tions is not a significant factor.

I argue that activists have co-opted street art as a tool for addressing epistemic injustices, injustices that result from negative identity prejudices that silence certain groups of people unfairly. To defend this claim, I explore the special nature of street art that makes it an especially appropriate tool for activists to enlist in the fight against epistemic injustices. From there, I will examine in detail two case studies which illustrate how street art is used to respond to and correct for (...) these injustices: first, the street art series, “Stop Telling Women to Smile” by Tatyana Fazlalizadeh, and then Chris Metzger’s Inside Out Project in Baltimore. Drawing on these examples, I highlight the features in virtue of which street art constitutes a particularly effective tool for correcting epistemic injustices. (shrink)

Nature aesthetics is concerned with four core questions: What is a natural environment? What is relevant, psychologically speaking, to the aesthetic appreciation of natural environments? How ought we to aesthetically appreciate natural environments? What is the relationship between nature aesthetics and environmental ethics? In this essay, I first address in Section 2 whether theorizing about nature aesthetics is possible by challenging the non‐aesthetics view, according to which aesthetic appreciation of nature is not possible, and the relativity view, according to which (...) aesthetic appreciation of nature is possible, but it is an anything goes affair. In Section 3, I outline the core arguments for scientific cognitivism and provide objections to those arguments, making room for alternative views. In Section 4, I outline the distinction between cognitivism and non‐cognitivism and discuss the benefits of the engagement view. In Section 5, I outline the sympathetic imagination view of nature aesthetics. In Section 6, I discuss the emotions view. In Section 7, after summarizing the lessons learned from these debates, I argue for a new view— Enacting Nature's Value— which proposes that we need to rethink nature aesthetics in terms of an enactivist account of aesthetic agency according to which the aesthetic appreciation of nature is a skilled action. In Section 8, I close by considering four future directions for nature aesthetics in the second generation of inquiry. (shrink)

How can we distinguish the permissible use of aesthetic features in persuasive communication from their manipulative misuse? The paper reconstructs the basic argument (proposed by Stoics and others in antiquity) that persuasive speech should be aesthetically austere. The argument, it is suggested, is fundamentally sound. But the view it sustains is subject to challenge, on the grounds that it is implausible and impractical in the real world. By making clear the grounds on which the “austere” view is justified, and by (...) making precise the arguments that underlie those challenges, the paper identifies and evaluates three different possible responses to those challenges. The most promising of these accepts the argument for “austerity” but proposes a more moderate interpretation of its conclusion. In doing so, it takes up the challenge of providing a defensible rationale for distinguishing the permissible from the impermissible use of aesthetic features in persuasive communication. (shrink)

Organizations routinely make choices when addressing conflicting stakes of their stakeholders. As stakeholder theory continues to mature, scholars continue to seek ways to make it more usable, yet proponents continue to debate its legitimacy. Various scholarly attempts to ground stakeholder theory have not narrowed down this debate. We draw from the work of Juergen Habermas to theoretically advance stakeholder theory, and to provide practical examples to illustrate our approach. Specifically, we apply Habermas’ language-pragmatic approach to extend stakeholder theory by advancing (...) seven sets of normative axioms. We conclude that a deliberative approach, with its focus on the conditions of legitimation and deliberative democracy, has the potential to become a cornerstone of stakeholder theory. The need for global stakeholder discourse and its internalization in corporate structures and institutions is exemplified by a multitude of CSR and stakeholder initiatives that have mushroomed in response to global risk scenarios such as climate change, nuclear warfare, or terrorism. Further research may help to build a functioning global governance system in order to provide guidance for management in the 21st century. (shrink)

The leader as shaman has three central roles: healer, connector, and sensemaker in the service of a better world. This paper argues that today’s leaders acting as shamans could become ‘shapeshifters,’ or more accurately ‘shape the shift,’ that is engage with organizational and systemic change needed to content with major problems like sustainability issues, climate change, and inequality, which business businesses are increasingly being asked to deal with as part of their societal roles. In the role of sensemaker, business leaders (...) can shape shifts towards great sustainability and responsibility by developing new memes that speak to others and resonate across different people and groups. Memes’ roles in change, as core cultural artifacts, on which values, business strategies, and belief systems are built, are generally overlooked but are an important element of shamanic leadership. (shrink)

Nathaniel Hawthorne’s The Birthmark offers a sharp lens through which to examine power, purity, and personal identity. Scientist and spiritual idealist, Aylmer, is obsessed with “correcting” the only flaw he perceives in his wife Georgina, the imprint of a small red hand on her pale cheek. For Alymer, this one “imperfection” reaches deep into Georgina’s heart, a sign of sin, decay, and mortality. It is the natural that must be overcome with science. Drawing on Hawthorne’s tragic fiction, this paper questions (...) the influence of stigma, power dynamics, and mind-body dualism in constructing disability identity within the framework of medical and spiritual practices of care. Whether in the role of a spiritual leader, chaplain, or medical professional, people providing care must first address ableism and perceptions of normalcy in relation to their own identity and calling before offering professional advice to disabled people seeking guidance or support. It is only as professional fields adopt a posture marked by courageous humility that healing practices will promote the flourishing of all people, including those with disabilities. (shrink)

This study explores the pathways from the aspiration to make a difference in the world to vision and action of social entrepreneurs. Based on the qualitative analysis of interviews with 23 individuals who have pioneered institutions and initiatives around corporate responsibility, we find two predominant pathways to vision. The deliberate path starts with aspiration and moves through purpose toward a relatively intentional vision that ultimately leads to, and is subsequently informed by, action. The emergent path also begins with aspiration then (...) moves directly to action and only retrospectively to a sense of a vision behind the actions taken. The emergent path, in which action precedes vision, is contrary to the dominant assumption that vision leads to action in an entrepreneurial context and may be further characterized as either inadvertent or developmental. In advancing a conceptual model of the vision–action or action–vision trajectories of social entrepreneurs, this study highlights the iterative nature of vision. This study also demonstrates the importance of considering formative experiences that contribute to the aspiration to make some kind of a difference in the world, a sense of purpose or intentions, and core values and beliefs in examining the ethicality of social entrepreneurship. (shrink)

Business Ethics, the Environment & Responsibility, EarlyView.

There is increasing attention to the idea of bringing about what is termed a wellbeing economy, and recognition that a coherent story or narrative is important in countering the strength of today’s dominant economic narrative--neoliberalism. Yet there has been relatively little consensus on what such an idea might mean in practice, despite the proliferation of many different initiatives attempting to bring such an economy about. Many of these initiatives have allied with an aggregator called WEAll, the Wellbeing Economy Alliance. In (...) an effort to determine what new economics/next economies initiatives mean by wellbeing economy, this study assesses the statements provided by WEAll allies to WEAll when seeking membership to see whether there is a consistent narrative about wellbeing economy that emerges. Four nuanced, yet related, versions of the wellbeing economy narrative emerged. “Transformation” is mainly a critique of business as usual, emphasizing transformation towards a wellbeing economy that critiques neoliberalism and emphasizes wellbeing of all people. The Nature-Centric or Planetary Boundaries perspective takes a more ecological perspective, emphasizing humanity’s need to live and operate within planetary boundaries. The Good Life or People-Centric perspective offers a people-oriented narrative that emphasizes sustainability while ensuring that basic needs of all are met. The Integrated perspective is an integrated life-centered perspective that combines these interests and focuses on the wellbeing of both people and planet, recognizing the complexity and holistic nature of that task. (shrink)

Four views concerning environmental disobedience are discussed in this chapter, focusing on the moral justification of lawbreaking on behalf of natural environments. The traditional view suggests that accounts of ordinary civil disobedience understood through the Rawlsian tradition can be extended to capture cases of environmental disobedience. The revisionary view argues that the concept of civil disobedience needs to be revised in order to account for environmental disobedience, ecosabotage in particular. The radical view militates against basic assumptions of civil disobedience to (...) argue that ecosabotage counts as forms of civil disobedience. The envisionary view suggests that environmental disobedience is best understood as a creative performance, a type of beautiful trouble or creative disruption that expresses environmental values that we must use the moral imagination to understand. (shrink)

We discuss the bearing of Daniel Kahneman and Amos Tversky's Prospect Theory on some central issues in ethics. It has been argued that the theory provides a better explanation of our intuitive responses to some important ethical decision cases—like some famous cases put by Philippa Foot and others—than traditional and widely acknowledged ethical principles do. In this way, Prospect Theory contributes to the new wave of skepticism, emanating from the social sciences, about the role of intuitive judgments in ethical theory (...) and philosophy more generally. We focus on Kahneman and Tversky's famous Asian Disease Problem. We show that the case fails to support Prospect Theory over traditional ethical theory as an explanation of the most common intuitive responses to the case, and, moreover, fails as an account of the most common intuitive responses to Foot's famous trolley case and related cases. We maintain that careful critical attention to all these cases shows that Prospect Theory has not made a successful incursion into ethics, whatever it may have established about non-ethical decision-making. (shrink)

Aristotle follows the Socrates of Plato's Gorgias in contrasting rhetoric with teaching. For him, premises of arguments must in rhetoric be reputable ( endoxa), but in teaching be archai of the relevant science. And teaching requires recognition of the speaker's authority, rhetoric does not. Like Socrates, he thinks teaching but not rhetoric requires knowledge of your subject. Unlike Socrates, Aristotle does not for this reason reject rhetoric as dangerous, but accepts it as useful for public and interpersonal deliberation.

The economic crisis has exposed shortcomings in standard economic theory and provided an impetus for new economic thinking. But the theoretical debate in the wake of the crisis has been unduly constrained by the terms of the mainstream approach to economic theory. Like any approach, it is characterised by a way of framing reality, giving meaning to terms and setting criteria for good argument. It also determines how any economic theory is understood, whether from the history of economic thought or (...) from the contemporary literature. But there are other approaches to economics which would open up the field to a much wider range of possibilities for new economic thinking. Addressing the challenge that any reader bases her understanding on her own approach, the purpose of this paper is to attempt to explain what it means to consider different approaches and why it matters for policy. This is done by discussing two features of the financial crisis which pose particular problems for economic theory. These are the role of changing market sentiment in driving asset prices on the one hand and the breakdown of trust relationships in banking on the other (the moral hazard issue). We will see how these are addressed by mainstream theory and by alternative approaches. First, market sentiment is discussed within the mainstream rational-optimising framework, where risk is quantifiable, and compared with the Keynesian approach based on the general uncertainty of knowledge, where reason, evidence and sentiment are integrated. The moral hazard issue is then discussed in its mainstream form in terms of rational opportunism and in its institutionalist form in terms of the foundation of social relations (including relations between institutions) in trust. It is shown that different ways of approaching theorising in each case imply different policy measures. It is argued further that an exclusively deductive mathematical approach to analysis of market sentiment and trust is unduly limiting and that a more pluralist approach would more fully address the issues. (shrink)

C. I. Lewis was one of the most important thinkers of his generation. In this book, Sandra B. Rosenthal explores Lewis’s philosophical vision, and links his thought to the traditions of classical American pragmatism. Tracing Lewis’s influences, she explains the central concepts informing his thinking and how he developed a unique and practical vision of the human experience. She shows how Lewis contributed to the enrichment and expansion of pragmatism, opening new paths of constructive dialogue with other traditions. This (...) book will become a standard reference for readers who want to know more about one of American philosophy’s most distinguished minds. (shrink)

Plato's Parmenides: A Principle of Interpretation and Seven Arguments SANDRA PETERSON PART I. A PRINCIPLE OF INTERPRETATION 1. THE EVIDENT STRUCTURE OF THE PARMENIDES PLATO'S Parmenides falls naturally into halves. In the first half, which is a conversation between Socrates and Parmenides initiated by the young Socra- tes' reaction to arguments of Zcno's, Socrates shows confusion as he tries to answer Parmenides' questions about forms. The second half consists of about 195 short, initially strange-looking, arguments given by Parmenides to (...) a youngster, Aris- totle, as respondent. In between the two halves, at 135d2- 3, Parmenides admires Socrates' "fine" and "divine" passion for arguments. But Parmenides has noticed, even in a conversation of Socrates with Aristotle previous to the setting of the Parmenides, that Socrates is trying to define too soon. Parmenides then recommends to Socrates some exercise. The second half of the Parmenides illustrates it. What is the manner of exercise, Parmenides? he asked. The one you heard from Zeno, he replied. Except for this: I admired you also when you said to him that you would not allow inquiry to wander among the things we see, nor even in their domain, but rather in the field of those things which one would most especially grasp by reasoning and would.. (shrink)

Cet article examine les défis épistémologiques actuels de l’économie à travers le prisme de l’épistémologie des Lumières écossaises. Smith et Hume s’étaient concentrés sur la manière dont les connaissances (provisoires et incertaines) étaient formulées, en examinant comment des circonstances différentes engendrent et soutiennent différentes théories et approches. Sur cette base, nous explorons le discours actuel sur la manière dont les économistes doivent aborder les défis épistémologiques des situations de crise et leurs causes.

In Psychoanalysis, its image and its public Moscovici introduced the theory of social representations and took further the project of rehabilitating common sense. In this paper I examine this project through a consideration of the problem of cognitive polyphasia, and the continuity and discontinuity between different systems of knowing. Focusing on the relations between science and common sense. I ask why, despite considerable evidence to the contrary, the scientific imagination tends to deny its relation to common sense and believe that (...) can displace it. I argue that the psychosocial dynamic between common sense and science is revealing of how heavily they are entangled in, and indeed indebted to each other. Even more, this dynamic allows for a full appreciation of what the theory of social representations calls states of cognitive polyphasia. Different systems of thinking and knowing do not displace each other but live side by side, co-existing in a variety of ways, fulfilling different functions and answering different needs in social life. (shrink)

: This paper offers a new interpretation of the first chapter of Aristotle’s Rhetoric and of Aristotle’s understanding of rhetoric throughout the treatise. I defend the view that, for Aristotle, rhetoric was a skill in offering the listener ‘proofs’, that is, proper grounds for conviction. His arguments in the opening chapters of the treatise state and defend this controversial, epistemically normative view against the rival views of Gorgias, Thrasymachus and the rhetorical handbook writers, on the one hand, and against those (...) of Plato, on the other. Aristotle defends his view on the basis that rhetoric is a skill in discharging an important role in the state – the role of helping citizens to good publicly-deliberated judgements. (shrink)

Kevin Hoover explores retroduction as a means of theorizing in macro-economics, rather than exclusive reliance on deductivism or inductivism. Retroduction is discussed as involving conceptualization with respect to empirical evidence as a means of identifying causal mechanisms as the basis for theory in the form of mathematical models. It is put forward as a preferred alternative to more fundamental reform of macro-economics, whose justification Hoover dismisses as being ‘ideological’. Yet ideology refers to a position on metaphysics such as Hoover himself (...) sets out in terms of open systems, which would significantly extend the scope for retroduction. (shrink)

Philosophers and psychologists have traditionally understood folk psychology to emerge in one of two ways: either first through the origin of the function of self-consciousness or first through the origin of the function of mindreading. The aim of this paper is to provide reasons to doubt that those options exhaust the possibilities. In particular, I will argue that in the discussion about whether self-consciousness or mindreading evolved first, we have lost sight of a viable third option. I will urge that (...) mindsharing—the kind of intersubjectivity involved in joint engagement—may have been an important precursor to the ascription of mentalstates to selves and others. I analyze arguments for the view that mindreading evolved prior to self-consciousness, which I call “the mindreading priority account.” I acknowledge that proponents of the mindreading priority account are correct to stress the importance of our social natures in the emergence of self-consciousness. However, such accounts have focused too narrowly on mindreading as the biological function that is the basis of the development of self-consciousness. I argue that there are methodological reasons to doubt that mindreading is prior to self-consciousness, because awareness of oneself and awareness of others is symmetrical. I argue that there are empirical reasons to doubt that there is evidence for an adaptation explanation for mindreading. I provide a skeptical argument against the mindreading priority account by critiquingtwo central assumptions of that account, namely that mindreading is an adaptation and self-consciousness is a byproduct of mindreading. I consider an alternative view of mindsharing as the function of folk psychology and suggest that the mindsharing account may be on better grounds than the mindreading account in terms of providing an explanation of the origins of self-consciousness. In addition, I will outline an account of the development of self-consciousness and mindreading that emerges from mindsharing. In the conclusion, I will consider two objections to my account and reply to both objections. (shrink)

Deconstruction and destruction tend to be viewed as a continuum, on the assumption that to deconstruct is to destroy. Deconstruction certainly seems intent on the death of definitive meaning, absolute truth, theoretical flights, and universal values. Versions of the deconstructive task have been addressed and applied by philosophers throughout history and across cultures. By examining such approaches we may learn whether deconstruction must bring destruction in its wake, or whether another outcome might be possible. To test this hypothesis the philosophy (...) of Zhuang Zi is compared with that of Friedrich Nietzsche. Their unique approaches to the deconstructive task point to a deeper issue of contrasting cultural assumptions and grounding principles, allowing a better understanding of what lies at the heart of the philosophical divide between ''East'' and ''West.'' Each embraces a strategy of fruitful opposition: gadfly Nietzsche approaches his predecessors with wariness and righteous wrath; butterfly Zhuang Zi co-opts Kong Zi, and confounds Hui Zi. The distinction between opponent and competitor parallels that between wu-wei effortlessness and wei aggression. Despite an intuitive grasp of the child's 'yes' to life, wu-wei , Nietzsche remains mired in a defective wei strategy, while Zhuang Zi's Daoist deconstruction takes the form of wu-wei philosophical play. (shrink)

It is a popular perception that administrative receivers and their appointors hold «too much» power in relation to troubled companies. Many who hold this view have called for the reform of insolvency law in order to redress the balance of power. This issue is timely, because insolvency law is currently under review. This article argues that although the law's formal structure is imbalanced, it can nevertheless generate savings for parties, by allowing a concentrated creditor who has invested in information-gathering about (...) the debtor to conduct a private insolvency procedure. It is suggested that this procedure is likely to be more efficient than one conducted by a state official, and that it is likely to reduce the costs of debt finance, a matter of particular importance for small and medium-sized businesses. Empirical data are presented from 26 interviews with practitioners, which shed further light on the operation of receivership. Finally, the current law is compared with possible alternatives. It is argued that the case for wide-ranging reform is not made out. (shrink)

It was proved recently that Telgársky’s conjecture, which concerns partial information strategies in the Banach–Mazur game, fails in models of \. The proof introduces a combinatorial principle that is shown to follow from \, namely: \::Every separative poset \ with the \-cc contains a dense sub-poset \ such that \ for every \. We prove this principle is independent of \ and \, in the sense that \ does not imply \, and \ does not imply \ assuming the consistency (...) of a huge cardinal. We also consider the more specific question of whether \ holds with \ equal to the weight-\ measure algebra. We prove, again assuming the consistency of a huge cardinal, that the answer to this question is independent of \. (shrink)