In Sustainable Governance in Hybrid Organizations the author Linne Marie Lauesen explores how businesses that have succeeded in conducting sustainable governance, manage and govern their sustainable performance: in other words, how they manage to be economically, socially, and environmentally sustainable. In this respect, hybrid organizations that are formed as businesses with a mission to be sustainable and to provide services for society - such as water companies - are a good point of departure. Water companies are highly regulated whilst working primarily for the betterment of society and on behalf of generations to come, for whom clean and plentiful water and the preservation of nature is a must. Linne Marie has dug deep into these types of hybrid organizations in order to reveal which mechanisms of organizational governance for sustainability are at play, and how these organizations manage to balance their triple bottom lines in order to survive financially, socially, and environmentally and make a business out of their conduct. Balancing these three bottom lines in a sustainable way is explained in a clear and accessible way and the juxtaposition between non-profit and for-profit water companies will show how this model can be transferred to other business spheres.
’The structures of complex organisations are changing and so must our understanding of them, particularly in the fields of governance and sustainability. This study of water businesses around the world makes a vitally important contribution to our understanding of such business and the new logics under which they operate and provides a roadmap for the future governance of such organisations.’ David Crowther, De Montfort University, UK ’There is an increasing awareness of the need for new models of management to account for global crises in the financial, environmental and social realms that were created by traditional models of corporate organization. In Sustainable Governance in Hybrid Organizations Linne Lauesen provides a lucid and compelling new model of organizational governance that draws from emerging new knowledge of the virtues of transparency, stakeholder engagement and community involvement. This book is an outstanding model for sustainable governance that will be useful for students, practitioners and citizens interested in sustainable management.’ Roy Suddaby, Winspear Chair of Management at the Peter B. Gustavson School of Business, University of Victoria, Canada and Newcastle University Business School, UK ’Dr Lauesen’s thought-provoking analysis about sustainable governance, corporate social responsibility and stakeholder engagement in hybrid organizations in the water industry after the 2007 financial crisis has the advantage of an author deeply knowledgeable about this subject from a practical and a professional point of view. The book provides solutions designed to be fair, ethical, trustworthy and, crucially, grounded in material practices. If implemented, these would be of immense value to our society far beyond the confines of the water industry.’ Miriam Green, Icon College of Technology and Management, UK ’This book addresses a topic of current worldwide significance: the quasi-privatization of water management services. Bas
Deciphering hybrid organizations. Sustainable governance. The logic of sustainable governance in a business context. Opportunities and barriers in managing and balancing a logic of sustainable governance. The role of stakeholder management in sustainable governance. When stakeholders are not so easy to manage . Transparency in stakeholder management through corporate texts? What does sustainable governance mean in practice? Evaluation of sustainable governance in the water sector.
Today’s developments within the field of sustainability and governance appeal to a growing audience in many aspects. While there are many studies on governance and finance, the focus to include sustainability is missed. The convergence between these three fields, Finance, Governance, and Sustainability, has a high potential for solutions providing a wider perspective to the issues and barriers encountered in sustainability. The aim of the Finance, Governance and Sustainability: Challenges to Theory and Practice series, edited by Güler Aras, is to fill this gap by bringing together the recent developments at the intersection of these three fields.
This series shares the studies of academics, researchers, entrepreneurs, policy makers and government officers aiming to contribute to the progress and overcome the emerging barriers in sustainability. In addition, the linkage of the series’ studies, to the newly established Center for Finance, Corporate Governance and Sustainability, will provide the most current research and debate in this field along with a global perspective.
The series combines strong conceptual analysis, with wide ranging empirical focus, and a wealth of case material. Also included are summary points, suggestions for further reading, web resources, and an extensive bibliography. The level of presentation is for graduate students, academics, as well as policy and decision-makers around the world.