Corporate Governance in Action

5Scrutinizers: NGOs

Magnus Frostenson, Laurence Romani and Karolina Windell

Introduction

Although questions about the purpose of the firm, the consequences and legitimate scope of corporate action, and the prerequisites for management in general do not belong to the day-to-day issues in business, it seems likely that the pressure on corporations to answer such questions has become ever stronger in the last few decades. This is a reality that is not confined to internal organizational aspects of corporate life, but rather is largely formulated by external constituents (Sahlin-Andersson 2006; Windell 2006; Grafström, Göthberg and Windell 2015). These constituents are eager to confront corporations, holding them accountable not only for abiding ...