Virtue Ethics and Corporate Governance
type: CreativeWork
description: The purpose of this interpretative phenomenological study was to explore directors’ lived experience of ethics in their task of corporate governance so as to capture some of the multiple facets of this phenomenon: specifically how directors understand the role of ethics in their task of corporate governance and how they understand and practise ethics. The focus of the investigation was the role and relative importance of directors’ personal ethics as opposed to corporate governance rules or regulations and to what extent their understanding and practise of ethics as such, resembled Kantian ethics, utilitarianism and Aristotelian virtue theory (AVT). Such issues have implications primarily for the influence of leaders’ personal ethics in the context of corporate governance failure and whether AVT in particular can contribute to the achievement of best-practice governance. AVT differs from the other two ethical theories because it focuses on the importance of a good character for the making and carrying out of sound ethical judgments. It assumes that human nature contains the seeds of ethics and that a good character can develop over time with the help of role models and experience. The study also discusses the subjective aspects of the ethical experience and the debate about the relationship between descriptive and philosophical branches of business ethics. The researcher chose to take an interpretive phenomenological approach using an AVT conceptual framework. The focus of the inquiry was what the individual’s narratives imply about what he or she experiences every day. This allowed the researcher to go further by interpreting the meanings for the purposes of practice and research. The use of the AVT conceptual framework facilitated the examination of the relevance of philosophical ethics for business practice in general and in particular to investigate the relevance of AVT as opposed to the two other ethical theories. Semi-structured interviews were conducted with …
abstract: The purpose of this interpretative phenomenological study was to explore directors’ lived experience of ethics in their task of corporate governance so as to capture some of the multiple facets of this phenomenon: specifically how directors understand the role of ethics in their task of corporate governance and how they understand and practise ethics. The focus of the investigation was the role and relative importance of directors’ personal ethics as opposed to corporate governance rules or regulations and to what extent their understanding and practise of ethics as such, resembled Kantian ethics, utilitarianism and Aristotelian virtue theory (AVT). Such issues have implications primarily for the influence of leaders’ personal ethics in the context of corporate governance failure and whether AVT in particular can contribute to the achievement of best-practice governance. AVT differs from the other two ethical theories because it focuses on the importance of a good character for the making and carrying out of sound ethical judgments. It assumes that human nature contains the seeds of ethics and that a good character can develop over time with the help of role models and experience. The study also discusses the subjective aspects of the ethical experience and the debate about the relationship between descriptive and philosophical branches of business ethics. The researcher chose to take an interpretive phenomenological approach using an AVT conceptual framework. The focus of the inquiry was what the individual’s narratives imply about what he or she experiences every day. This allowed the researcher to go further by interpreting the meanings for the purposes of practice and research. The use of the AVT conceptual framework facilitated the examination of the relevance of philosophical ethics for business practice in general and in particular to investigate the relevance of AVT as opposed to the two other ethical theories. Semi-structured interviews were conducted with …
author: Grant, Patricia Louise
keywords: virtue ethics, corporate governance, Aristotle, Kant, Utilitarianism, Business ethics, Corporate governance reform, Directors, Character, Interpretative phenomenology
license: https://researchcommons.waikato.ac.nz/bitstreams/2d1367be-5454-4a12-bb4b-40857fb01194/download
date published: 2013
date modified: 2026-07-24T05:57:38Z
provider: University Waikato
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Waikato