Stockholders and Stakeholders: A New Perspective on Corporate Governance

@article{Freeman1983StockholdersAS,
  title={Stockholders and Stakeholders: A New Perspective on Corporate Governance},
  author={Ronald Edward Freeman and David L. Reed},
  journal={California Management Review},
  year={1983},
  volume={25},
  pages={106 - 88}
}
The purpose of this article is to show how the concept of stakeholders in an organization can be used to understand the tasks of the board of directors. The authors argue that a volunteeristic approach to questions of corporate governance which focuses on effective director behavior is preferable to structural change via legislation. 

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