dentifies the primary justifications underlying shareholdertheory and stakeholder theory.Thereafter, discuss and analyze the strengths and weaknesses of these competing theories. Additionally, you may, but are not required to render a reasoned opinion as to whether you deem the shareholder theory or stakeholder theory as best addressing how the corporation can pursue an ethical course of business.Alternatively, you may reject both theories as the best course of action and propose a hybrid theory of corporate governance that you conclude best fulfills the goal of private corporations acting ethically.