Connections Between Stakeholder Governance and Corporate Governance

Abstract

Scholarly work in strategy and corporate governance is increasingly converging to explore the implications of firms moving beyond the shareholder-centric governance modes towards stakeholder governance approaches that consider the interests of a broader set of heterogeneous stakeholders. This shift calls for new thinking in at least two core areas of strategic management: (i) the conceptualization of a firm’s fundamental function of creation and distribution of economic value within a stakeholder governance set-up, and (ii) the rules and patterns of organizing that underpin the enfranchisement and identification of stakeholder interests. In this symposium, we propose to engage in conversations that cut across work in stakeholder theory, corporate governance and social issues in management to advance further research on these important topics. The symposium will open with introductory keynote comments by two prominent scholars in the field, it will continue with four paper presentations, and it will conclude with a brief question-and-answer session with the audience. The ensuing discussion is envisioned to help advance both conceptual and empirical work at the intersection of novel, stakeholder-centric forms of governance. We also hope to shed light on promising areas for further research that leverages both novel approaches to theory and explores new empirical settings. Introductory keynote remarks Presenter: Ruth V. Aguilera; Northeastern U. Introductory keynote remarks Presenter: Joseph T. Mahoney; U. of Illinois at Urbana-Champaign Just Strategizing A Decision-Based Theory of Stakeholder Governance Presenter: Sergio Giovanetti Lazzarini; Insper Institute of Education and Research The Strategic Reconfiguration of Cross-Sector Interactions Presenter: Aline Gatignon; The Wharton School, U. of Pennsylvania Polycentric Governance Among Stakeholders in Low-Income Communities Presenter: Leandro S. Pongeluppe; U. of Toronto, Rotman School of Management Stakeholder Governance and the Institutional Environment Presenter: Sinziana Dorobantu; NYU Stern School of Business