Open AccessOuverture de ‘CSR and Multi-Stakeholder Management’
Author(s) -
Silvio M. Brondoni,
Luisa Bosetti,
Chiara Civera
Publication year - 2019
Publication title -
symphonya
Language(s) - English
Resource type - Journals
eISSN - 1593-0319
pISSN - 1593-0300
DOI - 10.4468/2019.1.01ouverture
Subject(s) - prosperity , stakeholder , corporate governance , corporate social responsibility , shareholder , business , value (mathematics) , shareholder value , stakeholder theory , stakeholder management , strategic management , accounting , public relations , marketing , finance , economics , political science , economic growth , machine learning , computer science
For a long time, boardroom decision-making focused almost exclusively on economic expectations of major shareholders. During the last thirty years, this approach to corporate governance progressively changed and now responsible companies strive to meet all relevant stakeholders’ expectations, and this requires acknowledging the close links among economic, social and environmental performance for the creation of shared value and lasting prosperity. More and more, in the ‘oversize economy’, robust corporate governance is based on the awareness that long-term value creation for shareholders cannot exist without a multi-stakeholder management approach. On the contrary, multistakeholder satisfaction generates positive effects on the relationships with employees, customers, suppliers and financiers.