Abstract
The articles featured in this Point-Counterpoint develop provocative and yet contrasting views on the role of corporations in contemporary society: the point by Colin Mayer advocates a view of the corporation as a purpose-driven institution that can become a vehicle for economic and social prosperity. The counterpoint by Jerry Davis emphasizes the declining role of contemporary corporations, and argues for the need to develop both internal and external corporate democracy. Building on the dialogue between purpose and democracy, this article reflects on the future of the corporation within a society characterized by the pervasive presence of global risks. Four major challenges for corporate purpose and democracy are highlighted: changes in corporate business models, inequality and safety, institutional partnerships, and new forms of corporate social engagement.
| Original language | English |
|---|---|
| Pages (from-to) | 879-886 |
| Number of pages | 8 |
| Journal | Journal of Management Studies |
| Volume | 58 |
| Issue number | 3 |
| Early online date | 23 Nov 2020 |
| DOIs | |
| Publication status | Published - 1 May 2021 |
Bibliographical note
Publisher Copyright:© 2020 Society for the Advancement of Management Studies and John Wiley & Sons, Ltd.
Keywords
- corporation
- democracy
- modernity
- purpose
- risk
ASJC Scopus subject areas
- Business and International Management
- Strategy and Management
- Management of Technology and Innovation
