Can Human Rights Provide a Workable Ethical Framework for Corporate Governance?

6 Pages Posted: 17 Jun 2019

See all articles by Andrew Lumsden

Andrew Lumsden

Corrs Chambers Westgarth

Phoebe Wynn-Pope

affiliation not provided to SSRN

Date Written: June 5, 2019

Abstract

We suggest that the Commission’s recommendations can be made ‘organisation ready’ if the ethical culture is developed in a way that is consistent with internationally recognized human rights norms. Human rights remove some of the subjective element from ethics and replace it with internationally agreed standards ready to be incorporated into thoughtful governance and corporate decision making processes. We suggest that this model can help build valuable social capital so organisations are seen to be self-regulating ethical conduct beyond governmental controls.

Keywords: human rights, governance

JEL Classification: Legal

Suggested Citation

Lumsden, Andrew J. and Wynn-Pope, Phoebe, Can Human Rights Provide a Workable Ethical Framework for Corporate Governance? (June 5, 2019). Available at SSRN: https://ssrn.com/abstract=3399313 or http://dx.doi.org/10.2139/ssrn.3399313

Andrew J. Lumsden

Corrs Chambers Westgarth ( email )

Governor Phillip Tower
1 Farrer Place
Sydney NSW 2000
Australia

Phoebe Wynn-Pope (Contact Author)

affiliation not provided to SSRN

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