The contribution of network governance to preventing opportunistic behaviour by managers and to increasing stakeholder involvement: the Eroski case Online publication date: Thu, 25-Oct-2012
by Giacomo Manetti; Simone Toccafondi
International Journal of Business Governance and Ethics (IJBGE), Vol. 7, No. 3, 2012
Abstract: This present work is an exploratory analysis of network governance models that are characterised by widespread distribution of decision-making and control, auditing and supervisory functions in company structure, frequently through stakeholder engagement in the management system. In the study, we verify the way in which NG can involve stakeholder representatives in the governance bodies and in the decision-making process, also preventing opportunistic behaviour of management, according to the stakeholder-agency theory. A case study of network governance is presented regarding the Spanish cooperative Eroski - a self-governing organisation, with direct participation by representatives of the various stakeholder categories in the main governing bodies. In the conclusions, we discuss the strengths and weaknesses of the network governance system and its implications for theory and practice and we describe an incremental approach, on an entirely voluntary basis, for implementing this governance model in other corporations, including non-cooperative ones.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Governance and Ethics (IJBGE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com