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Universitas Psychologica

Print version ISSN 1657-9267


RUIZ DE AGUIRRE, Leire San-Jose  and  RETOLAZA, José Luis. Participation of stakeholders in corporate governance: foundation ontological and methodological proposal. Univ. Psychol. [online]. 2012, vol.11, n.2, pp.619-628. ISSN 1657-9267.

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.

Keywords : Business ethics; corporate governance.

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