Under the stakeholder model, a derivative of the social contract theory, a corporation has fiduciary responsibilities to more than just its stockholders.

Name: Under the stakeholder model, a derivative of the social contract theory, a corporation has fiduciary responsibilities to more than just its stockholders.
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Question

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The stakeholder model suggests that corporations have responsibilities to all stakeholders, including employees, customers, suppliers, and the community, not just stockholders.

Under the Stakeholder Model, a Derivative of the Social Contract