Give a brief summary of the stakeholder theory of corporate responsibility as outlined by Freeman in both...

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Psychology

Give a brief summary of thestakeholder theory of corporate responsibility as outlined byFreeman in both his essay and the video segments we watched on thisissue. Briefly, what is the legal argument and the economicargument for the stakeholder view? Who are Two of the stakeholdersthat Freeman notes explicitly has having rights that must beconsidered by corporate executives, other than stockholders? As oneexample, explain why Freeman thinks that one of these groups has aninvestment in the company that gives the executives the fiduciaryduty to consider their well-being in corporate decisions.

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Edward Freeman proposed stakeholder theory of corporate responsibility and according to this theory anyone who is affected by the company and its operation should be considered as See Answer

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