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Principles of Stakeholder Management |
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The Clarkson Principles |
Summary of the Principles of Stakeholder Management by Clarkson. Abstract |
Max Clarkson (1922-1998) Professor, University of Toronto Founder of the Centre for Corporate Social Performance and Ethics in the Faculty of Management |
These Principles of Stakeholder Management originate from four conferences that were hosted by the Centre for Corporate Social Performance and Ethics in the Faculty of Management [now called: the Clarkson Centre for Business Ethics & Board Effectiveness or CC(BE)] between 1993 and 1998. In these conferences, management students gathered to share ideas on stakeholder theory, a then emerging field of study examining the relationships and responsibilities of a corporation to employees, customers, suppliers, society, and the environment. Clarkson's principles represent an early stage general awareness of corporate governance concerns that have been widely discussed in connection with the business scandals of 2001-2003.
These principles should be regarded as “meta-principles”, encouraging and requiring management to develop more specific stakeholder principles and then to implement those in accordance with the Principles. Book: Jeffrey L. Seglin - The Right Thing: Conscience, Profit and Personal Responsibility in Today's Business Book: Joseph W. Weiss - Business Ethics: A Stakeholder and Issues Management Approach Book: O. C. Ferrell - Business Ethics: Ethical Decision Making and Cases T I P : Here you can discuss and learn a lot more about corporate ethics and the Clarkson Principles. Compare with the Clarkson Principles: The Shareholder and Stakeholder Perspective | What is Shareholder Value? | What is Value Based Management? | Why Value Based Management? | Intrinsic Stakeholder Commitment | Strategic Stakeholder Management | Strategic Intent |
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