Rethinking Corporations: Prof. David Silver on Morality and Democracy in Business

Prof. David Silver of the University of British Columbia discusses key ideas from his newly released book, “Corporations and Persons: A Theory of the Firm in Democratic Society.” The book argues that corporations are moral persons with duties toward democratic society. It proposes a persons-based theory of the firm, which sees the creation of products and services that benefit people as its core purpose, distinct from profit-maximization views. It emphasizes that corporations’ rights and duties should be shaped democratically, that societies can structure firms to serve justice, and that the corporate–society relationship must evolve from dysfunction to mutual respect to protect democratic values. This podcast is brought to you by Global Management Consultancy. For more information, please visit www.globalmanagementconsultancy.com. Disclaimer: A. The background music used in this video is the property of its respective developer and is protected by Copyright. Although it is a free version, Business Talk, Global Management Consultancy and Deepak Bhatt do not hold the rights to this music. B. Dr. David Silver offered thoughtful perspectives from his book, “Corporations and Persons: A Theory of the Firm in Democratic Society,” in his conversation on the Business Talk podcast channel. The uploaded video contains copyrighted material; therefore, any modifications to graphics, music, or the presence of the author or host are strictly prohibited.