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| Author: | Puri, P. Borok, T. |
| Title: | Employees as Corporate Stakeholders |
| Journal: | Journal of Corporate Citizenship
2002 : WINTER, 8, p. 49-61 |
| Index terms: | COMPANIES LAW STAKEHOLDERS EMPLOYMENT SHAREHOLDERS |
| Language: | eng |
| Abstract: | This paper analyses several theories on the nature and purpose of the corporation and argues that the interests of stakeholders other than shareholders ought to be legally recognised in the corporation. The paper examines three theories on employees and employment, and argues that the human capital theory is most meaningful and best reflects the role of the employee when that employee is analysed in a broad social, political and economic context. The authors evaluate reforms, such as stakeholder statutes, which have been implemented in various jurisdictions, and set out specific amendments that ought to be implemented to recognize the status of the employee as an important corporate stakeholder in the modern corporation. |
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