- Corporate governance •
- fiduciary duties •
- Stakeholders •
- loyalty •
The stockholder/stakeholder dilemma has occupied corporate leaders and corporate lawyers for over a century. In addition to the question whose interests should managers prioritize, the question how those interests could or should be balanced has proven equally difficult.
Stakeholder impartiality is a lean duty whose main advantage lies in its being workable. It can be implemented in legal systems that have different positions on the objectives of the corporation, from Canada’s and India's open-ended stakeholderist approaches to Delaware’s staunch shareholderism.