AN ISLAMIC PERSPECTIVE ON CORPORATE ACCOUNTABILITY AND MORALITY
This paper attempts to firstly, review the modern concepts of corporate accountability especially within the context of classical economic. view. The article will also examine the alternative models of corporate accountability as emerged for the past feu years. The second objective of this paper is...
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[Yogyakarta] : Universitas Gadjah Mada
2002
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| Summary: | This paper attempts to firstly, review the modern concepts of corporate accountability especially within the context of classical economic. view. The article will also examine the alternative models of corporate accountability as emerged for the past feu years. The second objective of this paper is to give some insights into the present debates on accountability by synthesizing the relevance of Islamic concepts of morality in the context of modern corporations. Insights from the Islamic values suggest that it is no longer sufficient for accountability to be understood in the contest of secular principal-agent and classical economic viewpoints. There are needs of acceptance by individuals and corporations as moral agents. to accept an obligation beyond Ivorldly matters and encompasses the moire r- sal rights and goodness. The .rtudy of is/am provides a different dimension On accountability, whereby. the debates on corporate accountability need to start on values. not on standards. and on responsibilities not on rules.
Keywords: corporate accountability. Islamic concept or moral: principal agent relationship |
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