Question: This holds that managers, although bound by their relation to stockholders, are entrusted also with a responsibility, fiduciary, or otherwise, to all those who hold

This holds that managers, although bound by their relation to stockholders, are entrusted also with a responsibility, fiduciary, or otherwise, to all those who hold a stake in or a claim on the firm.

Political theory

Stockholder theory

Stakeholder theory

Social contract theory

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