Which of the following is a term for a statute authorizing boards of corporations to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable?

Question

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The term for a statute authorizing boards of corporations to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable is "constituency statutes." These statutes allow corporations to consider the interests of all stakeholders, including employees, customers, and the local community, in addition to shareholders, when making decisions about a potential change in control or breakup of the corporation.

Which of the Following Is a Term for a Statute