2. Partnership-based corporate governance

2.1 Partnership governance concepts

Partnership governance partially challenges the status of the shareholder, who in standard theory is considered the "residual creditor" and, as such, the main beneficiary of the value created by the company (Berle and Means, Coase [19] ). According to Bowen and Freeman, its principles are based on the concepts of :

• corporate social responsibility, based on an implicit contract between the company and society as a whole;

• corporate social responsiveness (CSR) of companies, which must assume the consequences (or "externalities") of their activities for society as a whole;

• ...