INTRODUCTION
There is now a mutual understanding between different parties, scholars, lawmakers and businesspeople that attributing the limited role of profit maximisation is an underestimation of corporations’ potential. Currently, we live in a world where corporations are expected to have a dual role both for their shareholders and for non-shareholder stakeholders. This change in the perception was triggered by the harsh criticism against the way corporations operate in the modern day as capitalism has reached its ‘inflection point’. Multinational corporations have started to be seen as ‘behemoths’ or ‘money monsters’. In line with this, the role of corporations within society has also changed and the idea of revisiting the business as usual has evolved …
Seniha Irem Akin, Why Can’t Stakeholder Theory Save the Planet and What Can Corporate Law Do Instead? [2022] 3 Erasmus Law Review. DOI: 10.5553/ELR.000228.
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