Mechanisms for Stakeholder Participation in Governance

26 Pages Posted: 11 Oct 2012

See all articles by José Luis Retolaza

José Luis Retolaza

AURKILAN Business Ethics Research Institute

Leire San-Jose

University of Huddersfield; University of the Basque Country - Department of Financial Economics II

Date Written: October 8, 2012

Abstract

The participation in the company is a longstanding issue, which concerned from the ethical perspective and from human resources perspective; however, the interest about the participation in companies is not usually reinforced with the fundamentation reflection. In this paper, we study the participation not only from the ethical perspective, but also from the governance perspective. New theories that are alternative theories to those based on Property Rights, such as the Stakeholder Theory or Multifiduciary Theory enable a new way of understanding the involvement of different actors that compose the company. The paper, at first, analyzes the theoretical basis of participation, and then is focus on Freeman’s Stakeholders’ management model, finishing with an approach to ethical leadership; but before to finish the nongobernance problems and the Goodpaster paradox are analyzed.

Note: Downloadable document is in Spanish.

Keywords: business ethics, governance, stakeholder theory, enterprise psychology, participation, citizenship enterprises

JEL Classification: M20, M14

Suggested Citation

Retolaza, José Luis and San-Jose, Leire, Mechanisms for Stakeholder Participation in Governance (October 8, 2012). Available at SSRN: https://ssrn.com/abstract=2158681 or http://dx.doi.org/10.2139/ssrn.2158681

José Luis Retolaza

AURKILAN Business Ethics Research Institute ( email )

Spain

Leire San-Jose (Contact Author)

University of Huddersfield ( email )

Queensgate
Huddersfield HD1 3DH, West Yorkshire HD1 3DH
United Kingdom

HOME PAGE: http://www2.hud.ac.uk/uhbs/staff/staff_profiles/leire_san-jose.php

University of the Basque Country - Department of Financial Economics II ( email )

Avenida del Lehendakari Agirre 83
48015 Bilbao
Spain

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