chapter  7
21 Pages

Governance Relations

WithLars Engwall, Jaan Grünberg, Josef Pallas, Kerstin Sahlin, Linda Wedlin, Stefan Arora-Jonsson, Helena Buhr, Katarina Buhr, Magnus Frostenson, Ingemund Hägg, Laurence Romani, Lars Strannegård, Karolina Windell

This chapter, drawing upon Chapters 3–6, focuses on the relations between regulators, market actors and scrutinizers, on the one hand, and corporations, on the other, in the field of governance. First, we discuss unilateral and bilateral direct relations between corporations and governors. We then turn to indirect relations by means of commercial and non-commercial intermediaries. These are various types of intermediaries (i.e., consultants, corporate interest organizations, etc.) that are part of lively and widespread organizing processes of modern society. In addition to these, we discuss in a subsequent section, how corporations create boundary-spanning units (i.e., units for public relations, investor relations, media relations, etc.) to deal with various governance issues, protecting executives from unprepared interaction and helping them communicate desired views. We identify three main strategies: persuasion in relation to regulators, promotion in relation to market actors and protection in relation to scrutinizers. Finally, we introduce the concept of the editing corporation.