Exploring the Theoretical Basis for Stakeholder Protection in Corporate Governance

Anthony O. Nwafor () and Mandhlaenkosi Sibanda
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Anthony O. Nwafor: University of Venda
Mandhlaenkosi Sibanda: University of Venda

A chapter in Opportunities and Pitfalls of Corporate Social Responsibility, 2019, pp 35-47 from Springer

Abstract: Abstract The paper seeks theoretical justification for the protection of companyCompany ’s stakeholders under the general corporate law. This ordinarily raises the issue of corporate governanceGovernance bordering on the questions as to whose interests a corporate entity should be run, and what the best interests of the companyCompany , presently entrenched in the companyCompany ’s statute, entails. Finding answers to these questions demands the exploration of the corporate law theories that exert influences on the different models of corporate governanceGovernance . The paper concludes that the important roles of the stakeholders to the success and sustainabilitySustainability, sustainable business strategy, sustainable economy, sustainable growth of the corporate enterprise strongly justify their inclusion and the consideration of their interests at the same level as those of the shareholdersShareholders, shareholder value under the corporate law.

Keywords: Company; Stakeholders; Shareholders; Interests; Corporate law; Theories; Corporate governance (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-17102-5_3

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DOI: 10.1007/978-3-030-17102-5_3

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