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Deliberative Democracy and Corporate Governance

  • Bert van de Ven
  • Wim Dubbink
Chapter
Part of the Studies in Economic Ethics and Philosophy book series (SEEP, volume 39)

Abstract

This paper explores the implications of a political conception of corporate social responsibility for corporate governance. More specifically it discusses the implications of the theory of deliberative democracy of Jürgen Habermas for models of stakeholder democracy. Since there are several varieties of capitalism the paper relates the room for stakeholder influence and co-determination to the degree of freedom of economic actors within varieties of capitalism. Although the debate about a possible convergence to the shareholder model is still undecided, it is argued that there are good reasons to believe that the extent and institutionalization of stakeholder democracy within a capitalist economy is largely dependent on the institutional history or path taken within a national business system and the adaptive strategies of economic actors themselves. Finally, the paper describes the implications of four principles of stakeholder democracy for corporate governance, given the varieties of capitalism. Besides the national level, some of the implications of deliberative democracy and the related concept of human rights are explored for the international business system.

Keywords

Corporate Social Responsibility Corporate Governance Stakeholder Theory Corporate Citizenship Discourse Ethic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media B.V. 2011

Authors and Affiliations

  1. 1.Department of PhilosophyTilburg UniversityTilburgThe Netherlands

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