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This conceptual paper examines the democratic legitimacy of multi-stakeholder initiatives, global regulatory mechanisms involving corporations and civil society to solve public problems. It identifies three driving factors of input legitimacy (rule credibility) and three driving factors of output legitimacy (rule effectiveness) and examines their interplay.
|Uncontrolled Keywords:||illegitimacy, stockholders, civil society, social problems, social responsibility of business, social contract|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||Cass Business School > Faculty of Management|
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