Business Law, Public Responsibility, and Ethics Commons^™

Stakeholder Theory And A Principle Of Fairness, Robert Phillips

Robert Phillips

Recent decades have witnessed an increase in the number and quality of discussions concerning the corporation’s obligations to other groups other than its share owners. Possibly the most frequent way framing such discussions is in terms of stakeholders. Hence stakeholder theory has become a central issue in the literature on business ethics / business and society. There has been, however, relatively little attention given to the source of these obligations that a firm has to its stakeholders. Many students of stakeholder theory are content to assert such obligations and move on to what they believe the substance of these obligations …