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TOWARDS A CONVERGENCE OF THE SHAREHOLDER AND STAKEHOLDER MODELS
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Jean-Pierre Ponssard 
, Dominique Plihon , Philippe Zarlowski
Abstract
A new hybrid model of corporate governance seems to be emerging as a mixture of the shareholder and the stakeholder models. Its two main characteristics consist in an increased control of corporate executives by strong minority shareholders: this strengthened financial control is balanced by the rise of the social and environmental responsibilities of firms. This paper elaborates on this hypothesis and reviews the forces at work in this emerging process.
Keywords: Models of Corporate Governance, Convergence
How to cite this paper: Ponssard, J. P., Plihon, D., & Zarlowski, P. (2005). Towards a convergence of the shareholder and stakeholder models. Corporate Ownership & Control, 2(3), 11-18. https://doi.org/10.22495/cocv2i3p1
