At the World Economic Forum meeting in year 2000 in Davos the economic chal
lenges for the next millennium were presented and analysed. The role of the
Internet and communications in the development of the global economy were
the central theme of the meeting and the evident inefficiency of traditiona
l control mechanisms was highlighted. This situation implies greater respon
sibility for management for two fundamental reasons: first because manageme
nt are ultimately responsible for the fortunes of their organizations, and
second because they have more freedom to act. I believe that the Davos mani
festo (1973) of discourse is of incalculable value, but we also believe tha
t it has a series of important weaknesses from the ethical point of view. M
y proposal is for a transformational review centred on the ethics of discou
rse and using as a starting point a conviction of the important role of the
manager in the development of ethics in organizations. In this article I i
ntend to examine the need, and the opportunity, to develop an ethical code
for professional managers based on discourse ethics.