Multistakeholder governance

Multistakeholder governance is a practice of governance that employs bringing multiple stakeholders together to participate in dialogue, decision making, and implementation of responses to jointly perceived problems. The principle behind such a structure is that if enough input is provided by multiple types of actors involved in a question, the eventual consensual decision gains more legitimacy, and can be more effectively implemented than a traditional state-based response. While the evolution of multistakeholder governance is occurring principally at the international level, public-private partnerships (PPPs) are domestic analogues.

Stakeholders refer to a collection of actors from different social, political, economic spheres working intentionally together to govern a physical, social, economic, or policy area. The range of actors can include multinational corporations, national enterprises, governments, civil society bodies, academic experts, community leaders, religious figures, media personalities and other institutional groups.

At a minimum a multistakeholder group must have two or more actors from different social, political, or economic groups. If not, then the group is a trade association (all business groups), a multilateral body (all governments), a professional body (all scholars), etc. Almost all multistakeholder bodies have at least one multinational corporation or business-affiliated body and at least one civil society organization or alliance of civil society organizations as key members.

Alternative terminologies for multistakeholder governance include multi-stakeholder initiatives(MSIs), Multi-StakeHolder (MSH), multi-stakeholder processes (MSPs), public-private partnerships (PPPs), transnational multistakeholder Partnerships (transnational MSPs), informal governance arrangements, and non-state regulation.

The key term 'multistakeholder' (or 'multistakeholderism') is increasingly spelled without a hyphen to maintain consistency with its predecessor 'multilateralism' and to associate this new form of governance with one of the key actors involved that is also generally spelled without a hyphen; 'multinationals'. 'Multistakeholderism' is similarly used in parallel to bilateralism and regionalism.

As an evolving global governance form, only a limited number of organizations and institutions are involved in multistakeholderism. In a number of arenas, opposing forces are actively challenging the legitimacy, accountability, and effectiveness of these experimental changes in global governance.