[extract] Whilst market forces lend great weight to implementation of the stakeholder theory, the theory remains an ethical model and has not attracted legal support. Whilst the legislature is not yet convinced of the benefits or necessity and particularly the workability of the stakeholder theory, I will examine the ability of companies to implement the theory as a business ethic under current Corporation Law.
"The Stakeholder Theory and its Future in Australian Corporate Governance: A Preliminary Analysis,"
Bond Law Review:
2, Article 5.
Available at: http://epublications.bond.edu.au/blr/vol10/iss2/5