The Ethical Principles Determining the Contents of Corporate Governance Rules and Systems
The Ethical Principles Determining the Contents of Corporate Governance Rules and Systems

Summary/Abstract: The basic ethical values enhancing good corporate governance - as they are internationally recognised in national and international reports about corporate governance from the Cadbury report (1992) to the OECD Principles (2004) - are the following ones: fairness, accountability, transparency. Such values are required to achieve the desired confidence of shareholders and other stakeholders. Three main ultimate values constitute the basis of every corporate governance system:(a) an orientation towards Justice-itself through the actualisation of the following values: fairness, integrity, and objectivity; (b) an orientation towards Truth-itself through the actualisation of values of openness, trustfulness, and transparency; (c) the orientation towards Harmony through attitudes of collaboration, care and diligence.

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