Book contents
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- 15 The Ethics of Business Organizations Is Called Corporate Responsibility
- 16 The Moral Status of the Business Organization
- 17 Mapping Corporate Responsibilities
- 18 Corporate Governance for Wealth Creation and Human Rights
- 19 A Case in Point: Corporate Responsibility for Less Income Inequality
- 20 A Case in Point: How Can Universities Promote Corporate Responsibility in Their Supply Chains? The Experience of the University of Notre Dame
- Epilogue
- Bibliography
- Index of Names
- Index of Subjects
19 - A Case in Point: Corporate Responsibility for Less Income Inequality
from Part III - Implications of Wealth Creation and Human Rights for Corporate Responsibility
Published online by Cambridge University Press: 11 January 2021
- Reviews
- Corporate Responsibility for Wealth Creation and Human Rights
- Corporate Responsibility for Wealth Creation and Human Rights
- Copyright page
- Dedication
- Contents
- Figures, Tables and Boxes
- Preface
- Acknowledgments
- 1 Introduction and Overview
- 2 The Context of Globalization, Sustainability and Financialization
- Part I Wealth Creation
- Part II Human Rights as Public Goods in Wealth Creation
- Part III Implications of Wealth Creation and Human Rights for Corporate Responsibility
- 15 The Ethics of Business Organizations Is Called Corporate Responsibility
- 16 The Moral Status of the Business Organization
- 17 Mapping Corporate Responsibilities
- 18 Corporate Governance for Wealth Creation and Human Rights
- 19 A Case in Point: Corporate Responsibility for Less Income Inequality
- 20 A Case in Point: How Can Universities Promote Corporate Responsibility in Their Supply Chains? The Experience of the University of Notre Dame
- Epilogue
- Bibliography
- Index of Names
- Index of Subjects
Summary
This chapter explores corporate responsibility for less income inequality within the boundaries of the organization and with regard to society at large. Instead of examining the entire range of income distribution, the focus is on the lower and upper ends. The ‘floor’ is defined as a living wage, supported by strong economic and ethical arguments and proposed as a minimal income standard that can – and thus should – be implemented by companies. As for the ethically acceptable ‘ceiling’ of executive compensation, its identification and justification are more complicated. However, strong economic and ethical arguments can be made in favor of a drastic reduction of executive pay. Corporate responsibility for less income inequality in society means, first, to ‘walk the talk’ and set an example and, second, to be ‘a good corporate citizen’ by supporting legislation for a living wage and an ethically acceptable ceiling of executive pay.
Keywords
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- Chapter
- Information
- Corporate Responsibility for Wealth Creation and Human Rights , pp. 217 - 233Publisher: Cambridge University PressPrint publication year: 2021