Explain why corporations are legally responsible to shareholders but are strategically responsible to other stakeholders as well.
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Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,...
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Corporations are created under the laws of a particular jurisdiction Cou...View the full answer
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Related Book For 
Business and Professional Ethics
ISBN: 978-1285182223
7th edition
Authors: Leonard J. Brooks, Paul Dunn
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