Stakeholder Democracy

In the context of sustainable development, this book describes how we are moving from representative to participatory democracy, and how we are now in a "stakeholder democracy," which is working to strengthen represented democracy in a time of fear. Since the 1992 Rio Earth Summit the idea of stakeholder democracy has grown, with stakeholders engaged in helping governments and intergovernmental bodies make better decisions, and in helping them to deliver those decisions in partnerships amongst various stakeholders, with and without government. Seen through a multi-stakeholder, sector and level lens, this book describes the history of the development of stakeholder democracy, particularly in the area of sustainable development. The authors draw on more than twenty-five years of experience to review, learn from and make recommendations on how best to engage stakeholders in policy development. The book illustrates successful practical examples of multi-stakeholder partnerships (MSPs) to implement agreements and outline elements of an MSP Charter. This will provide a benchmark for partnerships, enabling those being developed to understand what the necessary quality standards are and to understand what is expected in terms of transparency, accountability, financial reporting, impact and governance. The book is essential reading for professionals and trainees engaging in multi-stakeholder processes for policy development and to implement agreements. It will also be useful for students of sustainable development, politics and international relations.

A pressing question at the forefront of current global political debates is: how can we salvage the democratic project in the context of 'globalization'? In recent years political activists have mounted high-profile campaigns for the democratization of powerful international institutions such as the World Bank and IMF, and for greater 'corporate accountability'. In turn, many of the NGOs linked to these campaigns have themselves faced demands for greater democratic legitimacy.Global Stakeholder Democracy responds to these challenges by outlining an innovative theoretical and institutional framework for democratizing the many state and non-state actors wielding public power in contemporary global politics. In doing so, the book lays out a promising new agenda for globaldemocratic reform. Its analysis begins with the recognition that we cannot simply recreate traditional constitutional and electoral institutions of democratic states on a global scale, through the construction of a democratic 'super-state'. Rather, we must develop new kinds of democratic institutions capable of dealing with the realities of global pluralism, and democratizing powerful non-state actors as well as states. Through reflecting on the democratic dilemmas surrounding the politicalpower of global NGOs, the book mounts a powerful challenge to the state-centric theoretical assumptions that have underpinned the established democratic theories of both 'cosmopolitan' and 'communitarian' liberals. In particular, it challenges the widespread assumption that 'sovereign' power, 'bounded'(national or global) societies, and 'electoral' processes are essential institutional foundations of a democratic system. The book then re-thinks the democratic project from its conceptual foundations, posing the questions: What needs to be controlled? Who ought to control it? How could they do so? In answering these questions, the book develops a novel theoretical model of representative democracy that is focused on plural (state and non-state) actors rather than on unitary state structures.It elaborates a democratic framework based on the new theoretical concepts of 'public power', 'stakeholder communities' and 'non-electoral representation', and illustrates the practical implications of these proposals for projects of global institutional reform.

In the context of sustainable development, this book describes how we are moving from representative to participatory democracy, and how we are now in a "stakeholder democracy," which is working to strengthen represented democracy in a time of fear. Since the 1992 Rio Earth Summit the idea of stakeholder democracy has grown, with stakeholders engaged in helping governments and intergovernmental bodies make better decisions, and in helping them to deliver those decisions in partnerships amongst various stakeholders, with and without government. Seen through a multi-stakeholder, sector and level lens, this book describes the history of the development of stakeholder democracy, particularly in the area of sustainable development. The authors draw on more than twenty-five years of experience to review, learn from and make recommendations on how best to engage stakeholders in policy development. The book illustrates successful practical examples of multi-stakeholder partnerships (MSPs) to implement agreements and outline elements of an MSP Charter. This will provide a benchmark for partnerships, enabling those being developed to understand what the necessary quality standards are and to understand what is expected in terms of transparency, accountability, financial reporting, impact and governance. The book is essential reading for professionals and trainees engaging in multi-stakeholder processes for policy development and to implement agreements. It will also be useful for students of sustainable development, politics and international relations.

Most practitioners and decision makers look at corporate social responsibility (CSR) as a socially responsible management practice on top of what company leaders generally do: focus on the sustainable, long term financial profitability of their corporation. This book focuses on a political understanding of CSR: the author bridges politics with corporate social responsibility and in a creative and provocative manner. Braun seeks to explore why and how corporations are to be seen as political actors with important roles in our current societies. The first part discusses the social context, the various stakeholder approaches and it also endeavors – with the help of the historic/political parallel of the bourgeois revolutions in the 19th century – to define the corporate polity. The second part analyses the new kind of political operational logic from the viewpoint of the different areas of corporate operation; it gives an overview of the consequences for the individual areas of operation and indicates how corporate policy can be realized in the given field of operation. The third part of the book introduces the institutions necessary for the creation of the corporate polity.

This Encyclopedia provides a comprehensive overview of the most important concepts of stakeholder theory and management in business and public administration. It identifies that stakeholders are essential for value-creation in democratic societies.

Multistakeholder governance is proposed as the way forward in global governance. For some leaders in civil society and government who are frustrated with the lack of power of the UN system and multilateralism it is seen as an attractive alternative; others, particularly in the corporate world, see multistakeholder governance as offering a more direct hand and potentially a legitimate role in national and global governance. This book examines how the development of multistakeholderism poses a challenge to multilateralism and democracy. Using a theoretical, historical perspective it describes how the debate on global governance evolved and what working principles of multilateralism are under threat. From a sociological perspective, the book identifies the organizational beliefs of multistakeholder groups and the likely change in the roles that leaders in government, civil society, and the private sector will face as they evolve into potential global governors. From a practical perspective, the book addresses the governance issues which organizations and individuals should assess before deciding to participate in or support a particular multistakeholder group. Given the current emphasis on the participation of multiple actors in the Sustainable Development Goals, this book will have wide appeal across policy-making and professional sectors involved in negotiations and governance at all levels. It will also be essential reading for students studying applied governance.

Most practitioners and decision makers look at corporate social responsibility (CSR) as a socially responsible management practice on top of what company leaders generally do: focus on the sustainable, long term financial profitability of their corporation. This book focuses on a political understanding of CSR: the author bridges politics with corporate social responsibility and in a creative and provocative manner. Braun seeks to explore why and how corporations are to be seen as political actors with important roles in our current societies. The first part discusses the social context, the v.