View article

Does the ontology of corporations matter for corporate rights? Much of the philosophical literature on corporate rights focuses on whether corporations are real entities, aggregations of individuals, or fictions to which rights or other entitlements can be ascribed. We argue that this focus is misplaced. Whether corporations have rights, and the sort of rights they have, is a question of moral theory. It is not fundamentally a matter of ontology, as F.W. Maitland thought, or a matter of legal or moral semantics, as H.L.A. Hart once argued. The going moral theory, not conceptual requirements or explanatory criteria, determines the conditions a corporation must satisfy to have various rights and duties. We argue that this truth is independent of the deontic, consequentialist, or hybrid character of the moral theory. This paper defends three claims. First, the ontological status of a group as an intentional agent is neither necessary nor …