Participation of stakeholders in corporate governance: foundation ontological and methodological proposal

San-Jose, Leire and Retolaza, J.L. (2012) Participation of stakeholders in corporate governance: foundation ontological and methodological proposal. Universitas Psychologica, 11 (2). pp. 619-628. ISSN 1657-9267

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Abstract

The participation in the company is a longstanding issue in research on business
organization, but usually is explained around workers and not around
the highest levels of corporate governance. In the modern businesses, the
value contribution of capital is dwindling, and the risk, in many situations,
is shared by all of the stakeholders of the company. If the added value and
the assumed risk are not unique to the shareholders, why should be the
government right unique for shareholder? In this paper we reflect on the
foundations of the participation of different stakeholders that group the
company. We debate the problems associated with the manipulation of
Stakeholder Theory, and the depletion deduction of it; moreover, we propose
to take the ontological perspective and a practical approach of inductive
character. The main contribution of work is to provide a methodological
guide which summarizes the participation in organizations of stakeholders.

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