Impactos Do Engajamento Das Empresas Com Seus Stakeholders (The Impacts of Stakeholder Engagement)

DOM a revista da Fundação Dom Cabral, 5(15), 28–33

7 Pages Posted: 28 Apr 2012

See all articles by Heiko Spitzeck

Heiko Spitzeck

Fundação Dom Cabral

Erik G. Hansen

Johannes Kepler University (JKU) Linz

Elisa Alt

Anglia Ruskin University

Date Written: 2011

Abstract

This empirical paper explores mechanisms by which stakeholders are granted a voice in corporate decision-making processes. A systematic analysis of stakeholder engagement of 51 companies participating in UK’s Business in the Community’s Corporate Responsibility Index is presented, showing the type of stakeholders companies engage with, by which means, as well as the impact of such engagement. We found that leading firms are moving from risk- to opportunity-based engagement using open and long-term engagement mechanisms to align their decisions with their stakeholders’ views and concerns. As results indicate that companies are granting stakeholder views to shape important governance aspects such as policies as well as monitoring and measuring progress, we propagate the term stakeholder governance for advanced forms of stakeholder engagement.

Note: Downloadable document is in Portuguese.

Keywords: Corporate Stakeholder Engagement, Business in Community, Engagement Mechanism, Alignment of Interests

JEL Classification: M10, M14, L14, L21

Suggested Citation

Spitzeck, Heiko and Hansen, Erik G. and Alt, Elisa, Impactos Do Engajamento Das Empresas Com Seus Stakeholders (The Impacts of Stakeholder Engagement) (2011). DOM a revista da Fundação Dom Cabral, 5(15), 28–33. Available at SSRN: https://ssrn.com/abstract=1914259

Heiko Spitzeck

Fundação Dom Cabral ( email )

Avenida Princesa Diana 760, Alphaville
Nova Lima, 34000000
Brazil
+551172769574 (Phone)

HOME PAGE: http://www.fdc.org.br

Erik G. Hansen (Contact Author)

Johannes Kepler University (JKU) Linz ( email )

Linz
Austria

HOME PAGE: http://www.jku.at/iqd/content/e288348

Elisa Alt

Anglia Ruskin University ( email )

East Road
Cambridge CB1 1PT
United Kingdom

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