Are moderation and temperance still virtues of value in the business world? and do they affect performance? Read on to find out.
Authenticity and corporate governance
Although personal attributes have gained recognition as an important area of effective corporate governance, scholarship has largely overlooked the value and implications of individual virtue in governance practice. The authors explore how authenticity—a personal and morally significant virtue—affects the primary monitoring and strategy functions of the board of directors as well as core processes concerning director selection, cultivation, and enactment by the board.
While the predominant focus in corporate governance research has been on structural factors that influence firm financial outcomes, this paper shifts attention to the role of authenticity and its relationship to individual board member qualities and collective board activities.
The authors explore how authenticity has the potential to influence board dynamics and decision making and to enhance transparency and accountability.
Erica Steckler and Cynthia Clark. 2019. Authenticity and Corporate Governance.
Journal of Business Ethics, 155(4), 951–963.
Horizontal alignment of values-driven business functions
This paper highlights the emergence of different ‘vocabularies’ that describe various values-driven business functions within large organisations and argues for improved horizontal alignment between them.
The authors investigate two established functions that have long-standing organisational histories: Ethics and Compliance (E&C) and Corporate Social Responsibility (CSR). By drawing upon research on organisational alignment, the authors explain both the need for and the potential benefit of greater alignment between these values-driven functions.
The authors then examine the structural and socio-cultural dimensions of organisational systems through which E&C and CSR horizontal alignment can be coordinated to improve synergies, address tensions, and generate insight to inform future research and practice in the field of Business and Society.
The paper concludes with research questions that can inform future scholarly research and a practical model to guide organisations’ efforts towards inter-functional, horizontal alignment of values-driven organisational practice.
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Mollie Painter, Sareh Pouryousefi, Sally Hibbert and Jo-Anna Russon. 2019. Sharing Vocabularies: Towards Horizontal Alignment of Values-Driven Business Functions.
Journal of Business Ethics, 155(4), 965–979.
Virtues of moderation and temperance in the workplace
The purpose of this paper is to analyse the virtue of temperance as a moral competence in professional performance. The analysis relies on three different streams of literature: virtue ethics, positive psychology and competency-based management.
The paper analyses how temperance is defined in each of these perspectives. The paper proposes an integrative definition of temperance as “moral competence” and summarises behaviours in business environments in which temperance plays a role.
Pablo Sanz and Joan Fontrodona. 2019. Moderation as a Moral Competence: Integrating Perspectives for a Better Understanding of Temperance in the Workplace.
Journal of Business Ethics, 155(4), 981–994.
Characterising virtues in finance
In this article, the authors shall attempt to lay down the parameters within which the practice of the virtues may be enabled in the field of finance. The authors shall be drawing from the three main sources, Aristotle, Catholic Social Teaching (CST) and MacIntyre, on which virtue ethics is based.
The research question is what ought to be done for financial activities to truly contribute to eudaimonia or human flourishing (Aristotle), to the achievement of three distinct kinds of goods as required of virtue, “those internal to practices, those which are the goods of an individual life and those which are the goods of the community” (MacIntyre), and to “