Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on. But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by economist Milton Friedman in the 1970s. Just as climate change is no longer a topic taken seriously solely by […]
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