The Canadian Democracy and Corporate Accountability Commission, an independent body designed to investigate corporate influence, issued its

Question:

The Canadian Democracy and Corporate Accountability Commission, an independent body designed to investigate corporate influence, issued its final report on January 2002. Among its 24 recommendations were that corporation’s laws should be amended to allow directors, at their discretion, to take into consideration the effect of their actions on the corporation’s employees, customers, suppliers and creditors; the effects of their actions on the community in which the resides; as well as the long-term and short-term interests of the and its shareholders. What is the problem with directors owing duties to all ? Are interests accounted for in the existing Canadian law of director’ duties?
Stakeholders
A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees,... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...