Edited by Denis G. Arnold and Jared D. Harris
Chapter 5: Corporate Duties of Virtue: Making (Kantian) Sense of Corporate Social Responsibility
5. Corporate duties of virtue: making (Kantian) sense of corporate social responsibility Jeffery Smith Central to Norman Bowie’s Kantian perspective on business ethics is a basic, but enduring, observation. Business firms are neither merely complex forms of property owned by investors nor simply a nexus of mutually beneficial contracts between a firm’s stakeholders. Business firms are moral communities (Bowie 1991, 1999). The term ‘moral community’ is an admittedly broad theoretical notion. At its base, however, is the idea that activities undertaken by and within business firms are not merely instrumental in nature, serving a related set of economic objectives; rather, business firms involve forms of activity that have (and should have) moral ends as their purpose. Business firms are sites of moral action: they can promote or hinder the satisfaction of human needs; express human virtue and vice; promote social welfare; and are forms of social organization where individuals can show respect – or disrespect – toward humanity. For some, the idea that firms are communities in this sense seems natural, if not obvious. For others, it challenges a well-received view of the business firm as a form of social organization that permits individuals to dispense with moral concerns to greater and lesser degrees (Boatright 1996). In what follows, I will explore the extent to which Bowie’s notion of the business firm as a moral community remains meaningful some 20 years after its first appearance. Although such an assessment cannot be done in one essay, I hope to motivate the plausibility of...
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