3. The evolution of corporate governance and corporate 4. Towards participatory capitalism and an integrated corporate II. A board leadership program for an integrated company 1. Align strategy and capital allocation with long-term value drivers 2. A corporate governance model defines the role companies play in Company. Models tend to evolve, but stakeholder theory of corporate governance has taken root among business leaders in some areas. However, not all directors are present on the board, and there are even marked differences in how men and women view the company. Traditionally, businesses focus more on two main areas, business growth and profitability. However, the term sustainability has been used quite often due to a book “Our Common Future” published by the World Commission on Environment and Development of the WCED. Abstract. Stakeholders are people who are influenced by or can influence the activities of others. In many cases, stakeholders represent their personal interests as well as those of other people, groups, organizations, collectives or even inanimate beings such as plants, animals and future generations. Engage stakeholders, no matter who or. In this essay, we reflect on this stakeholder turn, interpreting it as an attempt to develop a new type of strategy theory. 2014 Spinning gold: the financial benefits of stakeholder engagement. Strategic Management 12:1727-1748. A stakeholder theory of corporate governance. Academy of Management Review; In a corporate sustainability context, researchers have studied the internal and external relationships provided by environmental, social and governance ESG criteria, primarily at the organizational level. Abstract. Stakeholder engagement has become a widely used but often unclear tool. build in research on business and society. Literature lacks a unified vision. understanding of the essentials of.