Theories of corporate responsibility
 
Pure Marketplace Ethics Libertarian Marketplace
(Shareholder
Theory )
Social Marketplace Ethics Shared Value Ethics Stakeholder Theory - Soft Progressive Corporate Social Responsibility Triple Bottom Line / Sustainability Stakeholder Theory - Hard
 
Theories of corporate responsibility distributed across tensions
 
Profit
versus
social and
environmental engagement
Individualism versus collectivism Independence versus belonging Dignity
versus compassion
Opportunity
versus
equality
Shareholder
versus
stakeholder
   

BUSINESS ETHICS ACROSS TENSION:
SHAREHOLDER VERSUS STAKEHOLDER RIGHTS

Shareholder
 

For corporations, business ethics channels through the primary responsibility to serve shareholder (owner) interests. Obligations to other stakeholders are evaluated within the range of satisfied demands implied by shareholders.

 

 

Stakeholder
 

For corporations, business ethics initiates with all those affected by the corporation's actions. Shareholders (owners) represent only one set of multiple responsibilities that are weighed in decisions.