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Unformatted text preview: PHL295Y March 16 th 2012 Review:- Smith: Trade generates wealth; driven by individual self-interest via invisible hand - Cocase & Sen: Invisible hand is powerful but not perfect; we need other mechanisms like ethics- Freeman: Corporate managers have ethical obligations to a range of stakeholders- Goodpaster: not all stakeholders are equal; shareholders are special- Boatright: shareholders and special because of their role in corporate gov., not - Heath: ethical key to business is preventing market failure- Buchanan: organizations need to get members to internalize norms to prevent disloyalties Timothy Casgrain (Guest Speaker)- Chairman of CBC- (moral circle within legal circle)- Employees -> customers -> shareholders (southwest airlines)- Honesty and competence at top of corporation- Financial times magazine (London) Whitbeck:- Ethics as design- Not a multiple choice test; not the train scenario- Sometimes looking back is looking forward- Ethical problems are practical problems- Design problems are problems of making things and processes to satisfy wants and needs,...
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- Spring '12