The Corporation and Its Stakeholders : University of Toronto Press : 9780802081278 : 0802081274 : 14 Feb 1998 : There is an active debate over whether the traditional purpose of the corporation - to maximize profits and financial value for the benefit of shareholders - can adequately encompass the interests of all other participants or stakeholders in the corporation's activities. Since a corporation cannot operate optimally without the support of its most important stakeholders, particularly its employees and customers, finding ways of incorporating responsiveness to stakeholder needs is vital for corporate management and governance. This anthology is designed to sharpen the debate about the role and purpose of the corporation. The debate includes such fundamental questions as: Who should be considered stakeholders? Which stakeholder interests should a corporation take into account? How should stakeholder interests be balanced against shareholder objectives (such as profits)? What ch