Stakeholder Theory A European Perspective
New standards of corporate behaviour have been established in developed countries, obliging them to record information about the 'triple bottom line' in their annual reports. Corporations, especially multinational companies, have had to develop new strate
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Stakeholder Theory A European Perspective Edited by
Maria Bonnafous-Boucher and
Yvon Pesqueux
Selection and editorial matter © Maria Bonnafous-Boucher and Yvon Pesqueux 2005 Individual chapters © contributors 2005 Softcover reprint of the hardcover 1st edition 2005 978-1-4039-9159-1 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1T 4LP. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2005 by PALGRAVE MACMILLAN Houndmills, Basingstoke, Hampshire RG21 6XS and 175 Fifth Avenue, New York, N.Y. 10010 Companies and representatives throughout the world PALGRAVE MACMILLAN is the global academic imprint of the Palgrave Macmillan division of St. Martin’s Press, LLC and of Palgrave Macmillan Ltd. Macmillan® is a registered trademark in the United States, United Kingdom and other countries. Palgrave is a registered trademark in the European Union and other countries. ISBN 978-1-349-54296-3 ISBN 978-0-230-52422-4 (eBook) DOI 10.1057/9780230524224 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Stakeholder theory : a European perspective / edited by Maria Bonnafous-Boucher and Yvon Pesqueux. p. cm. Includes bibliographical references and index. 1. Social responsibility of business—Europe. 2. Business ethics— Europe. 3. Corporations—Moral and ethical aspects—Europe. 4. Corporate governance—Europe. I. Bonnafous-Boucher, Maria. II. Pesqueux, Yvon. HD60.5.E85S73 2005 174′.4—dc22 2005047290 10 14
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Contents
List of Tables and Figures
vii
Preface
viii
List of Abbreviations
ix
Notes on the Contributors
x
1 From Government to Governance Maria Bonnafous-Boucher
1
2 An ‘Anglo-American’ Model of CSR? Yvon Pesqueux
24
3 A Liberal Critique of the Corporation as Stakeholders Hervé Mesure
39
4 Stakeholder Theory and Normative Approaches Pierre Kletz
58
5 Institutional Roots of Stakeholder Interactions Sibel Yamak
73
6 Faceless Figures: Is a Socially Responsible Decision Possible? Jean-Luc Moriceau
89
7 A Stakeholder Perspective of Human Resource Management Michel Ferrary
104
8 From Power to Knowledge Relationships: Stakeholder Interactions as Learning Partnerships Elena P. Antonacopoulou and Jérôme Meric
125
9 Corporate Social Responsibil
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