Corporate Governance and Democracy: The Stakeholder Debate Revisited

Ciaran Driver and Grahame Thompson ()

Journal of Management & Governance, 2002, vol. 6, issue 2, 130 pages

Abstract: 'Stakeholding' is a term laden with manymeanings. In this paper we attempt to put someorder on the discourse by confining attentionto the corporation. We assess the originsand the intellectual foundations of the 'shareholder versus stakeholder' debate. We askwhether and how 'stakeholding' might be a morelogical or rational system, a fairer or moredemocratic system, and one that provides betterperformative outcomes. Each of these claims isassessed in respect to the micro firmperspective and the macro economy-wideperspective.One of the most difficult and neglected areasin the stakeholding debate concerns thepracticalities of its implementation. The papertackles this issue directly, at both thedomestic and the international level. We asknot only how stakeholding might be sensiblyintroduces within a national context but alsowhat it means to discuss stakeholding inrespect to transnational enterprises. Copyright Kluwer Academic Publishers 2002

Keywords: company performance; corporate governance; corporate senate; democratization; ownership; stakeholding; stewardship; transnational corporations (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (20)

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DOI: 10.1023/A:1015721819591

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