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Good Corporate Governance was explicitly formulated in the Sarbanes-Oxley Act, which became federal law in 2002. It includes ethical guidelines to regulate employee behavior and the interrelations between organizations and their shareholders. While these guidelines are exterior to the person, this paper discusses the construct of an internal beacon for right managerial action, in the Buddhist sense, as well as ways not only to access it mentally but also to extend it into the outside world. Within this perspective, it also presents the ethical teaching of the Chinese Ming philosopher Wang Yangming (1472-1529). Although Wang is considered to be a Neo-Confucian philosopher, in this article he is considered a seminal thinker within the Chan Buddhist tradition Wang's method of self-cultivation is presented to access the person's innate knowledge which in itself implies right action.
