The Corporation as Social Contract
Erasmus University Rotterdam (EUR) - Rotterdam School of Management (RSM)
Johan F. Wempe
VU University Amsterdam - Faculty of Economics and Business Administration
October 7, 2011
In this paper, we argue that the different relationships of corporations can be understood as contractual relationships. The aim of the contract is to do justice to the claims of all parties, including that of the corporation. This renders the notion of a contract eminently suitable as a conceptual model for formulating the moral standards appropriate to the corporate context.
Number of Pages in PDF File: 28
Keywords: ethics, integrity, social contract, corporate social responsibility
JEL Classification: D10, M14
Date posted: October 7, 2011
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