It is believed that the term “stakeholder” in relation to organizations has been used since the 1930s, when Harvard Law Professor E. Merrick Dodd suggested that businesses had at least four major groups of stakeholders: shareowners, employees, customers and the general public. Decades later,...

In order to know whether or not the corporate social responsibility (“CSR”) initiative and its related commitments are actually improving the company’s performance it is necessary to have in place procedures for reporting and verification, each of which are important tools for measuring...

While it may be difficult to understand the concept of the “environment” being a stakeholder under traditional notions of stakeholder theory, activists and indigenous groups formed around the purpose of protecting and preserving natural resources and fighting man’s activities that trigger...

Since stakeholder engagement is one of the bedrock principles of corporate social responsibility, directors and members of the executive team must be committed to participating in continuous dialogue with all of the company’s stakeholders, not just stockholders, to seek their input on, and...