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Corporate IrresponsibilityAmerica`s Newest Export$
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Lawrence E. Mitchell

Print publication date: 2001

Print ISBN-13: 9780300090239

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300090239.001.0001

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Corporate Psychology 101, Or All The Corporate World's a Stage: The Constraints of Role Integrity

Corporate Psychology 101, Or All The Corporate World's a Stage: The Constraints of Role Integrity

Chapter:
(p.66) Chapter 3 Corporate Psychology 101, Or All The Corporate World's a Stage: The Constraints of Role Integrity
Source:
Corporate Irresponsibility
Author(s):

Lawrence E. Mitchell

Publisher:
Yale University Press
DOI:10.12987/yale/9780300090239.003.0004

This chapter explains that although limited liability forms the background structure of the problem of corporate irresponsibility, it is not the only cause. The legal constraints that have been constructed around modern American corporations are completely inconsistent with the prevailing psychological understanding of free moral development. These constraints take two related forms: one is the combination of law and structure that narrowly restricts the corporation in the end it is permitted to pursue; the other is the limited and morally stunted role that corporate actors (directors, officers, and stockholders) are required to play in directing the corporation to achieve this goal. The chapter argues that the corporation which behaves ethically and responsibly is a corporation that incurs greater costs than corporations which choose to comply only with the minimal requirements of the law.

Keywords:   limited liability, legal constraints, corporate actors, law, corporate irresponsibility

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