Some philosophical issues in corporate governance: the role of property in stakeholder theory

Focuses on what can be referred to as the "fundamental philosophical issues of corporate governance". Outlines the interdependence of various kinds of governance. Demonstrates that corporate governance is part of a bundle of governances and that, in this respect, it occupies a leading plac...

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Bibliographic Details
Published in:Corporate governance (Bradford) 2005-01, Vol.5 (2), p.34-47
Main Author: Bonnafous-Boucher, Maria
Format: Article
Language:English
Subjects:
Big business
Bundling
Capitalism
Consolidation
Corporate governance
Equilibrium
Free enterprise
International business
Legitimacy
Management theory
Nation states
Origins
Philosophical concepts
Politics
Principles
Searching
Sovereignty
Stakeholders
Stockholders
Studies
Traditions
Citations: Items that cite this one
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Summary:Focuses on what can be referred to as the "fundamental philosophical issues of corporate governance". Outlines the interdependence of various kinds of governance. Demonstrates that corporate governance is part of a bundle of governances and that, in this respect, it occupies a leading place to the degree that its principles are becoming consolidated. Then discusses in a more detailed manner what is meant by the term "dominant functionalism". Then deals with the question of the equilibrium between sovereignty and legitimacy from the point of view of corporate governance. In effect, rules of governance (considered as the designation of a sovereign power) are searching for a legitimizing instance originating outside the framework of those rules. Finally, covers the proprietarialist origins of stakeholder theory, origins which correspond to a moderate liberal tradition.
ISSN:1472-0701
1758-6054
DOI:10.1108/14720700510569229