A stakeholder perspective argues that while shareholders have important rights, there are other constituents toward whom a company should demonstrate responsibility and concern.

A stakeholder perspective takes into account the interests of various groups, such as employees, customers, suppliers, communities, and the environment, in addition to shareholders. It argues that a company should not prioritize the interests of shareholders at the expense of other stakeholders, but rather balance and integrate the diverse expectations and needs of all parties. Therefore, a stakeholder perspective supports the idea that companies have social and ethical responsibilities beyond maximizing profits for shareholders.