Recognizing Business Ethics: Practical and Ethical Challenges in Awarding Prizes for Good Corporate Behaviour
- 347 Downloads
There seems to be a proliferation of prizes and rankings for ethical business over the past decade. Our principal aims in this article are twofold: to initiate an academic discussion of the epistemic and normative stakes in business-ethics competitions; and to help organizers of such competitions to think through some of these issues and the design options for dealing with them. We have been able to find no substantive literature – academic or otherwise – that addresses either of these two broad topics and audiences. Our modest aim, therefore, is to suggest an agenda of issues, and to begin to explore and analyse some of the possible arguments for and against various philosophical or practical solutions. Part I explores the challenges facing a prize-organizing committee, including problems derived from what Rawls calls the “fact of pluralism” in democratic societies (reasonable people will always disagree over some basic values, including those relevant to evaluating business practices), and epistemic issues about how we can justify qualitative judgments on the basis of incomplete quantitative data. We also try to identify risks and opportunity costs for ethics-prize granters. In Part II we spell out (a) a range of design options and (b) some advice about how any particular prize-awarding committee might select among these options to best achieve its goals (which typically involve highlighting and publicizing best practices for ethical business).
Keywordsbusiness ethics corporate citizenship prizes rankings social and ethical auditing and reporting
Unable to display preview. Download preview PDF.
- Achar, R., D. Nitkin, K. Otto, P. Pellizzari and EthicScan Canada: 1996, Shopping with a Conscience: The Informed Shopper’s Guide to Retailers, Suppliers, and Service Providers in Canada (John Wiley & Sons, Toronto).Google Scholar
- Berlin, I. (1969). Two Concepts of Liberty, in his Four Essays on Liberty. Oxford: Oxford University PressGoogle Scholar
- Fishman, C. (2006). The Wal-Mart Effect. New York: PenguinGoogle Scholar
- Heath, J. (2006). Business Ethics Without Stakeholders. Business Ethics Quarterly, 16(4), 533–557Google Scholar
- Norman W., C. MacDonald. (2004). Getting to the Bottom of “Triple Bottom Line”. Business Ethics Quarterly, 14(2), 243–262Google Scholar
- Norman W., C. MacDonald. (2007). Rescuing the Baby from the Triple-Bottom-Line Bathwater: A Reply to Pava. Business Ethics Quarterly, 17(1), 111–114Google Scholar
- Pava, M. (2007). A Response to “Getting to the Bottom of “Triple Bottom Line””. Business Ethics Quarterly, 17(1), 105–110Google Scholar
- Rawls J. (1993). Political Liberalism. New York: Columbia University PressGoogle Scholar
- Zadek S., P. Pruzan, R. Evans. (1997). Building Corporate Accountability: Emerging Practices in Social and Ethical Accounting, Auditing and Reporting. London: Earthscan PublicationsGoogle Scholar