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Purpose – The purpose of this paper is to investigate the theory and practice of stakeholder democracy. After examining the liberal notion of representative democracy, the paper seeks to identify the democratic deficit associated with the shareholder and stakeholder approaches to corporate...
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-sharing and experimentation, engender exploitation, and exclude the interests of stakeholders, particularly workers and the … capitalist markets but place more authority and ownership in the hands of stakeholders other than shareholders. These include … profit</li> <li>Are owned not by shareholders but by workers, consumers, or other stakeholders</li> <li>Employ democratic …
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