Corporate Ethics, Governance, and Social Responsibility

Foreword

I warmly welcome the book compiled by Prof. A. C. Fernando, Director, Loyola Centre for Business Ethics and Corporate Governance, LIBA, Loyola College. The book is an edited compendium of presentations at the international conference on business ethics, corporate governance, and corporate social responsibility (CSR) held at Chennai in March 2007.

The case for corporate decency is a strong one, both from a philosophical as well as from a practical perspective. The basis of capitalism is the utilitarian principle of the greatest good for the greatest number. The market economy has, indeed, brought unprecedented prosperity to the masses in the West, as well as to the eastern countries like Japan and South Korea, and several Third World ...