Читать книгу Creating Risk Capital - Ian Whalley - Страница 45

The stakeholder model is based on the idea that corporate managers should be accountable not only to shareholders, but also to other interested parties. It has two different types: the fiduciary and the representative. The fiduciary type sees the directors as the neutral arbiter of the various stakeholder interests, be they customers, employees, local citizens or others. Only the investors have direct representation on the board, but the directors have discretion to look after the interests of other stakeholders besides shareholders. In the representative type, the main stakeholders appoint representatives to the board, which becomes an arena for resolving any conflicts between them, and for monitoring the performance of management.