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The common good of the firm as the “office” of the manager
Koslowski, Peter,1952-2012.
Koslowski, Peter,1952-2012.
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PKoslowski.pdf
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Abstract
The paper examines how the public interest and private interests interact in the firm. The common good is not only a political but also a managerial concept. The management is not only obliged to fulfill its fiduciary duty towards the shareholders or owners and to act in their interest but must also realize the common good of the firm as the good of all members of the firm. There is an analogy between the politician and the manager: both cannot only work in the interest of their party or employers. To work for the common good is part of their office, part of the nature of their task of good governance in the interest of all.
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With permission of the license/copyright holder