David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
International Journal of Business Governance and Ethics 1 (1):45-55 (2004)
The UK Government is presently conducting a consultation process focused on the introduction of a new legal form of company, that of the Community Interest Company (CIC). Organisations choosing this form of incorporation would be subject to a legal requirement to involve their stakeholders in the governance of the company. This development is just the latest example of an increased interest generally in making companies more responsive to their stakeholders. The statutory duty placed on companies taking the CIC form raises the possibility of further legislation being introduced to compel all companies to involve their stakeholders more formally in their governance. This paper examines the participation model of stakeholder involvement proposed in the CIC legislation. This model is already widely employed in the not-for-profit company sector. A comparison is made with the engagement model of stakeholder management which is the most popular form found within the corporate sector. Conclusions are subsequently drawn about the appropriateness of a participation model for corporations in the for-profit sector by examining the challenges that emerge from giving stakeholders such a prominent role in the strategic management of the organisation.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Linda O’Riordan & Jenny Fairbrass (2008). Corporate Social Responsibility (Csr): Models and Theories in Stakeholder Dialogue. [REVIEW] Journal of Business Ethics 83 (4):745 - 758.
Julia Roloff (2008). Learning From Multi-Stakeholder Networks: Issue-Focussed Stakeholder Management. [REVIEW] Journal of Business Ethics 82 (1):233 - 250.
Brian Harvey & Anja Schaefer (2001). Managing Relationships with Environmental Stakeholders: A Study of U.K. Water and Electricity Utilities. [REVIEW] Journal of Business Ethics 30 (3):243 - 260.
Reuben J. Stern (2008). Stakeholder Theory and Media Management: Ethical Framework for News Company Executives. Journal of Mass Media Ethics 23 (1):51 – 65.
E. Jansson (2005). The Stakeholder Model: The Influence of the Ownership and Governance Structures. [REVIEW] Journal of Business Ethics 56 (1):1 - 13.
C. B. Bhattacharya, Daniel Korschun & Sankar Sen (2009). Strengthening Stakeholder–Company Relationships Through Mutually Beneficial Corporate Social Responsibility Initiatives. Journal of Business Ethics 85 (2):257 - 272.
Wesley Cragg & Alan Greenbaum (2002). Reasoning About Responsibilities: Mining Company Managers on What Stakeholders Are Owed. [REVIEW] Journal of Business Ethics 39 (3):319 - 335.
Andrew C. Wicks (2007). Corporate and Stakeholder Responsibility. Business Ethics Quarterly 17 (3):375-398.
Coral B. Ingley (2008). Company Growth and Board Attitudes to Corporate Social Responsibility. International Journal of Business Governance and Ethics 4 (1):17-39.
Michelle Greenwood (2007). Stakeholder Engagement: Beyond the Myth of Corporate Responsibility. [REVIEW] Journal of Business Ethics 74 (4):315 - 327.
Added to index2009-01-28
Total downloads22 ( #84,839 of 1,140,105 )
Recent downloads (6 months)1 ( #147,976 of 1,140,105 )
How can I increase my downloads?