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Use "nonshareholder" in a sentence
"But on the other hand, directors are told that they may temper that duty out of a concern for other, nonshareholder constituencies (such as corporate employees)."
"To be sure, the business judgment rule frequently precludes judicial review of board decisions that appear to have made trade offs between shareholder wealth maximization and nonshareholder interests."
"The arguments of Blair, Stout, and Bainbridge suggest that a board must, or at least should, take nonshareholder interests into account."