The author uses “stakeholder-controlled firm”, “third sector organizations”, “nonprofit organizations”, “social enterprise”, and “co-operative” without clearly defining these types and mentioning which nonprofit type is actually the focus of the study.
The abstract of the manuscript mentions that dominant modes of third sector organizational governance adhere to a narrow principal-agent orientation. Similarly, in the introduction, it is stated that governance research on third sector organizations predominantly fixates analysts on the board-management dynamic.