Concept information
Preferred term
shareholder model of corporate governance
Definition
- In the familiar Anglo-American model of corporate governance, shareholders have two important rights: the right to ultimate control of a corporation and a right to all its profits. In addition, shareholders are the exclusive beneficiary of the fiduciary duty of management, which is to say that managers have a fiduciary duty to operate a corporation solely in the interest of shareholders. [Source: Encyclopedia of Business Ethics and Society; Shareholder Model of Corporate Governance]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/shareholder_model_of_corporate_governance
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