Normative version of the stakeholder theory needs stronger persuasion power including effective government or
controller authority support, especially in the absence of effective incentive. Instrumental version of the stakeholder
theory can only be applied if company management has long run sustainability vision. Therefore we need an approach
to put management up to run the company with stakeholder’s welfare perspective. Some efforts have been made,
among them are added value reporting concept, and a more concrete and widely applied measurement, both in practice
or in scientific development. That measurement is a corporate performance attainment in terms of social responsibility
(CSR), including reporting or disclosing.