The Sustainability Perspective: a New Governance Model

Antonio Tencati and Francesco Perrini

Chapter 6 in Corporate Social Responsibility, 2006, pp 94-111 from Palgrave Macmillan

Abstract: Abstract A company — that can be defined as an economic and social institution, which aims to produce goods and services (Pivato and Gilardoni, 1997: 387) — pursues the creation of wealth, namely, value. In order to achieve this purpose, the firm cannot ignore the context in which it operates. In fact, a network of relationships connects the company to a great number of interrelated individuals and constituencies, called stakeholders (Ulrich and Krieg, 1973; Freeman, 1984; Donaldson and Preston, 1995; Clarkson, 1995). These relationships influence the way a company is governed and, in turn, are influenced by the company’s behaviour.

Keywords: Corporate Social Responsibility; Business Ethic; Stakeholder Group; Intangible Asset; Stakeholder Engagement (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230599574_7

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