reword to sound different: Given the preceding discussion, it appears that neither this particular section nor the Act itself provides the most appropriate legal framework for ensuring the consideration of stakeholders such as employees, the community, and the environment.

Section 181 of the Corporations Act 2001 (Cth) mandates directors to act in the best interests of the corporation and for proper purposes. However, the absence of explicit mention of other stakeholders does not preclude directors from considering their interests. Indeed, for long-term sustainability, directors must factor in the concerns of other stakeholders. The diverse interests of shareholders in large corporations suggest that altering directors' duties to accommodate them may not be necessary.

While numerous companies have pursued profit maximization activities seemingly at the expense of other stakeholders, the adverse consequences faced by some of these companies undermine any argument that their actions were in the best interests of the corporation. Addressing these issues through separate legislation would entail extensive consultations and cost/benefit assessments, potentially leading to more targeted regulations for these interests rather than vague directives for directors.