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Contribution Details
| Type | Conference Presentation |
| Scope | Discipline-based scholarship |
| Title | The democratization of corporate boards: reconciling legitimacy and efficiency by deliberation |
| Organization Unit | |
| Authors |
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| Presentation Type | paper |
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Event Title | 7th International Critical Management Studies Conference |
| Event Type | conference |
| Event Location | Naples, Italy |
| Event Start Date | July 11 - 2011 |
| Event End Date | July 13 - 2011 |
| Abstract Text | In this paper we argue that the dominant shareholder-centered model of cor-porate governance does not take into account two interrelated developments: the increasing threat to corporate legitimacy in a globalized economy and the growing complexity and dynamics of corporate environments, that potential-ly diminish the efficiency of corporations. Indeed, this model of corporate governance can be regarded as a potential threat to corporate legitimacy and efficiency. To tackle both problems of organizational legitimacy and effi-ciency we suggest to make corporate governance subject to and complement it by democratic processes based on stakeholder participation and communi-cation. So it can serve as a counterweight and corrective to the dominant economic logic underlying corporate structures and processes. |
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