TITLE:
Interests and Influence: Stakeholder Participation in the Regulatory Process
AUTHORS:
Pedro Ivo Sebba Ramalho, Delia Rodrigo
KEYWORDS:
Social Participation, Stakeholders, Interests and Influence, Regulatory Process, Independent Agency
JOURNAL NAME:
Open Journal of Political Science,
Vol.12 No.4,
October
20,
2022
ABSTRACT: This article deals with stakeholder participation in
the formulation of regulatory decisions. The objective is to understand the
relationship between the interests and influence of stakeholders in the
regulatory game. The largest independent regulatory agency in Brazil has been
investigated on this issue. Based on the characterization of the mechanisms for
consulting stakeholders, regulators and representatives of relevant groups were
heard about the relationship between the interests of each segment and the
influence exerted on the agency’s regulatory process. The data obtained draws
different scenarios from those expected by the theory of regulation. Structures
and processes aimed at promoting the expansion of the participation of
different actors result in the deepening of the concentration of influence
power of a certain dominant group. The conclusions point to a new vision about
the relationships established between stakeholders and regulators, and show new
influence strategies and behaviors of these actors.