Table of Contents

Handbook on Responsible Leadership and Governance in Global Business

Handbook on Responsible Leadership and Governance in Global Business

Elgar original reference

Edited by Jonathan P. Doh and Stephen A. Stumpf

Ethics, social responsibility, leadership, governance. These terms are heard in the classroom, in the boardroom, and viewed on the front page of newspapers and magazines. Yet serious attention to the relationships among these concepts is lacking. Although commitments to leadership, ethics, and social responsibility are evident, individuals and companies are falling short in combining these duties into policies and cultures that guide behavior and decisions. The missing element is a broad-based and integrated approach to responsible leadership and governance. This volume provides the leading thinking on these issues and includes a discussion of emerging areas that require future attention.

Chapter 1: Towards a Framework of Responsible Leadership and Governance

Jonathan P. Doh and Stephen A. Stumpf

Subjects: business and management, business leadership, corporate social responsibility, international business

Extract

Jonathan P. Doh and Stephen A. Stumpf Introduction The American Heritage Dictionary (2000) defines responsibility as follows: 1. Liable to be required to give account, as of one’s actions or of the discharge of a duty or trust. 2. Involving personal accountability or ability to act without guidance or superior authority: a responsible position within the firm. 3. Able to make moral or rational decisions on one’s own and therefore answerable for one’s behavior. 4. Able to be trusted or depended upon; reliable. Governance has been variously defined as follows: 1. The act, process, or power of governing; government: ‘Regaining a sense of the state is thus an absolute priority, not only for an effective policy against ... terrorism, but also for governance itself’ (Moorhead Kennedy, as cited in the American Heritage Dictionary of English). 2. The state of being governed (The American Heritage Dictionary, 2000). 3. Exercise of authority; control; government; arrangement (Webster’s Revised Unabridged Dictionary, 1996, 1998). Management research in leadership, ethics and in corporate social responsibility (CSR) has evolved somewhat independently. Despite the proliferation of literature on effective leadership, surprisingly little research attention has been devoted to the interaction among leadership traits, ethical behavior and corporate social responsibility, at least within the mainstream leadership literature. Although business ethicists and those studying or advocating corporate social responsibility have advanced perspectives that integrate tenets from leadership research and ethics/social responsibility, these efforts have not, to date, produced an alternative to the standard leadership classifications summarized by Conger and...

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