The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Sun, 26 Apr 2026 11:30:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Stakeholder Dialogue in Germany, Italy, and the United States – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Stakeholder Dialogue in Germany, Italy, and the United States https://corpgov.law.harvard.edu/2012/08/18/stakeholder-dialogue-in-germany-italy-and-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=stakeholder-dialogue-in-germany-italy-and-the-united-states https://corpgov.law.harvard.edu/2012/08/18/stakeholder-dialogue-in-germany-italy-and-the-united-states/#comments Sat, 18 Aug 2012 14:12:05 +0000 http://blogs.law.harvard.edu/corpgov/?p=31939?d=20150105110749EST Posted by Matteo Tonello, The Conference Board, on Saturday, August 18, 2012
Editor's Note:

Matteo Tonello is managing director of corporate leadership at the Conference Board. This post is based on an issue of the Conference Board’s Director Notes series by Lorenzo Patelli, professor at the School of Accountancy of the University of Denver. This Director Note was based on a paper coauthored by Professor Patelli, available here.

Consistent with corporate social responsibility (CSR), firms strive to engage stakeholders through various initiatives aimed at fostering dialogue between managers and external stakeholders. Diverse forms of dialogue and broad involvement are critical to the success of stakeholder dialogue (SD) initiatives. This Director Notes describes the results of an international survey on 249 SD initiatives undertaken by firms in Germany, Italy, and the United States. The survey results highlight the limitation of current SD practices and identify a strong link between the national approach to corporate social responsibility and the firm approach to SD.

Firms seek the involvement of stakeholders in order to maximize the alignment of business activities with the interests of different organizational and social actors. [1] In particular, SD refers to all initiatives undertaken by firms to listen and communicate to stakeholders regarding a vast array of topics. [2] Many researchers have noted the positive effects SD is expected to produce:

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