This book critically explores the transformation of business ethics from a reflective moral practice into a domain shaped by legal compliance and political power. Bridging legal theory, political philosophy, and corporate studies, it examines how ethics is both depoliticized through juridification and politicized through corporate sovereignty. Drawing on Carl Schmitt’s concepts of political antagonism and sovereignty, the book challenges liberal frameworks and calls for a renewed, politically engaged understanding of business ethics. This book is of interest to scholars and students of business ethics, legal theory, political philosophy, corporate governance, critical legal studies, and political theology.