Stakeholder Model Of Corporate Governance

With appearance of international large corporations, corporations have great impact on society, including politics, economics and culture. However, the traditional "uppermost stockholder" governance mode which only regards the stockholders' interests as its aim can't adapt to the modern society and its advantages are more and more obvious. The "relevant persons" corporate governance which not only cares about the stakeholders' interests but also concerns about the relevant persons' interests reflects justice, efficiency and democracy and conforms to the harmonious society. Though the new corporate law which was passed in 2005 enhances the status in corporation, the protection for the relevant persons' interests is not specific and can't be performed. This essay tries to design a legal "relevant person" corporate governance by managers, employees and creditors joining the operation of the corporation on the basis of the reasonable analysis of "the relevant person" corporate governance mode.