The Problem of Stakeholder Governance

Business Ethics Journal Review 11 (3):15-21 (2024)
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Abstract

We reply to a comment by Hargrave and Smith on a paper in which we use Ostrom’s design principles to develop theory about stakeholder governance. We agree with most of the issues that Hargrave and Smith raise, but disagree with their statement that the systems view of stakeholder governance that they advocate stands in contrast to our approach. The two approaches are complementary.

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