Stakeholder Theory with a View on Regulations of Stock Companies

Studying the purpose of corporate laws and regulations shows that in order to maximize shareholders’ wealth, stock company law must take into account the other stakeholder groups’ interests beside shareholders interests. Convergence of the two theories, shareholder primacy and stakeholder primacy in new approach to corporate governance recognizes that taking into account the interests of other non-shareholder groups in running corporate is for maximization of long term satable and shareholders’ interests. By studying and analyzing the stakeholder theory in this article, we will conclude that stakeholder approach has been accepted in Iran stock companies laws too.