Governance of environmental risk: new approaches to managing stakeholder involvement |
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Authors: | Benn Suzanne Dunphy Dexter Martin Andrew |
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Institution: | School of Management, University of Technology Sydney, NSW, Australia. suzanne.benn@uts.edu.au |
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Abstract: | Disputes concerning industrial legacies such as the disposal of toxic wastes illustrate changing pressures on corporations and governments. Business and governments are now confronted with managing the expectations of a society increasingly aware of the social and environmental impacts and risks associated with economic development and demanding more equitable distribution and democratic management of such risks. The closed managerialist decision-making of the powerful bureaucracies and corporations of the industrial era is informed by traditional management theory which cannot provide a framework for the adequate governance of these risks. Recent socio-political theories have conceptualised some key themes that must be addressed in a more fitting approach to governance. We identify more recent management and governance theory which addresses these themes and develop a process-based approach to governance of environmental disputes that allows for the evolving nature of stakeholder relations in a highly complex multiple stakeholder arena. |
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Keywords: | Governance Stakeholder relations Management theory Environmental risk |
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