Reasoning about responsibilities: Mining company managers on what stakeholders are owed [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 39 (3):319 - 335 (2002)
Stakeholder theories propose that managers are responsible not only for maximizing shareholder value, but also for taking into account the well being of other parties affected by corporate decisions. While the language of stakeholder theory has been taken up in industries like mining, controversy remains. Disagreements arise not only about the apportionment of costs and benefits among stakeholders, but about who counts as a stakeholder and about how "costs" and "benefits" are to be conceived. This paper investigates these questions empirically by examining how managers in one mining company talk about corporate responsibilities and by analysing the explicit and implicit values systems and moral logics which inform this talk. The investigations discovered that while some claims by stakeholder groups were readily accommodated by managers, others were not. Analysis of the value frameworks employed by the mangers confirms the views of leading stakeholder theorists that stakeholder theory is grounded in the realities of management practice and behaviour.
|Keywords||corporate social responsibility mining ethics stakeholder theory|
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Citations of this work BETA
Ana Maria Esteves & Mary-Anne Barclay (2011). New Approaches to Evaluating the Performance of Corporate–Community Partnerships: A Case Study From the Minerals Sector. [REVIEW] Journal of Business Ethics 103 (2):189-202.
Krista Bondy, Jeremy Moon & Dirk Matten (2012). An Institution of Corporate Social Responsibility (CSR) in Multi-National Corporations (MNCs): Form and Implications. [REVIEW] Journal of Business Ethics 111 (2):281-299.
Jose Maria Lopez-De-Pedro & Eva Rimbau-Gilabert (2012). Stakeholder Approach: What Effects Should We Take Into Account in Contemporary Societies? [REVIEW] Journal of Business Ethics 107 (2):147-158.
Deanna Kemp, John R. Owen, Nora Gotzmann & Carol J. Bond (2011). Just Relations and Company—Community Conflict in Mining. Journal of Business Ethics 101 (1):93 - 109.
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