Maximization of shareholder value is considered shareholder primacy and is mandated by law.

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While maximizing shareholder value is often considered a primary goal for corporations, it is not mandated by law. In fact, corporations have a legal obligation to consider the interests of all stakeholders, including employees, customers, communities, and the environment. This concept is known as stakeholder theory, and it recognizes that a corporation's success is dependent on the benefits it provides to all of its stakeholders, not just shareholders.

Maximization of Shareholder Value Is Considered Shareholder Primacy and Is