What is shareholder$-$primacy?

Shareholder$-$primacy asserts that maximizing share value is the ultimate firm goal and that improving corporate governance entails reducing board power, maximizing shareholder power, and tying incentives to share price

Shareholder$-$primacy suggests the balance of power in corporate governance should favor board members $($versus shareholders$)$

Shareholder$-$primacy is the work of a corporation that requires the combined input of two or more individuals or groups

Shareholder$-$primacy reimagines corporate governance as a cooperative exercise between and among a corporation's stakeholders