Risk Analysis from a Stakeholder First Perspective

Baoqi Yuan
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Abstract

The widely held belief that corporate executives should only prioritize shareholders’ interests is eroding. However, there are risks involved if directors of the business are asked to concentrate on broad objectives that serve the interests of all of the company’s stakeholders. Therefore, this paper focuses on the risks arising under the broad objective that company directors are required to focus on serving all stakeholders of the company, including the risk of litigation that may arise from the actions of company directors, the moral hazard of infringement of stakeholders’ interests and the creation of risks such as damage to the company’s interests, based primarily on section 172 of the Companies Act 2006 and the relevant provisions of the Insolvency Act 1986 Overall, therefore, the conclusions of this paper provide some insight into the risks arising from the view that all stakeholders are paramount.
利益相关者第一视角下的风险分析
人们普遍认为,企业高管应该只把股东的利益放在首位,这种观念正在受到侵蚀。然而,如果要求企业董事专注于服务于公司所有利益相关者利益的广泛目标,则存在风险。因此,本文关注的是在要求公司董事专注于为公司所有利益相关者服务这一宽泛目标下所产生的风险,包括公司董事行为可能产生的诉讼风险、侵害利益相关者利益的道德风险以及损害公司利益等风险的产生。因此,本文的结论主要基于《2006年公司法》第172条和《1986年破产法》的相关条款,因此,本文的结论提供了一些关于所有利益相关者至关重要的观点所产生的风险的见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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