[extract] In the first section of this paper, I will discuss generally the ‘stakeholder’ approach to corporations. I will then focus on employees as a distinct group of stakeholders, and establish that under Australian law, employees as stakeholders have less corporate ‘muscle’ than in overseas jurisdictions. Based on this, I will then discuss whether employees as shareholders can promote their claims within the corporate hierarchy, either as members of an employee share ownership plan (ESOP) or as independent investors.
"Do ESOPS Strengthen Employee Stakeholder Interests?,"
Bond Law Review:
1, Article 4.
Available at: http://epublications.bond.edu.au/blr/vol13/iss1/4