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For whom shall boards govern?

Companies must take a whole new look at all stakeholders beyond the traditional primacy of shareholders.
Monday, April 4, 2016 - 05:50

IT IS hard to debunk the thinking that boards of directors should, first and foremost, serve the interests of shareholders; after all, it is from shareholders that boards receive their mandates. Indeed, this is the economic-legal model of business that has prevailed for a long time.

Yet,

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