BEYOND SHAREHOLDER PRIMACY: A QUANTITATIVE AND COMPARATIVE REASSESSMENT OF FIDUCIARY DUTIES

Authors

  • Amrulloev Miraziz Nurmatovich  LLM Gdaduate of Penn State Law, Pennsylvania State University

DOI:

https://doi.org/10.55640/

Keywords:

ESG-managed

Abstract

Corporate governance in the United States is undergoing a structural transformation driven by economic globalization, regulatory expansion, and the institutionalization of ESG frameworks. While fiduciary duties have historically been interpreted through shareholder primacy, recent empirical and doctrinal developments indicate a measurable shift toward stakeholder-oriented governance. This article integrates quantitative market data, judicial trends, and comparative regulatory frameworks to argue that fiduciary duties are being recalibrated to reflect modern corporate realities.

References

BlackRock. Investment Stewardship Report (2023)

Coates, John C. The Future of Corporate Governance (2018)

Deloitte. Sustainability in M&A Transactions (2023)

Easterbrook, Frank & Fischel, Daniel. The Economic Structure of Corporate Law (1991)

European Commission. CSRD & Due Diligence Directives (2022–2023)

Global Sustainable Investment Alliance. Global Sustainable Investment Review (2022)

Harvard Law School Forum. Board Effectiveness Study (2021)

IBM Security. Cost of a Data Breach Report (2023)

KPMG. Global ESG Reporting Survey (2023)

McKinsey & Co. The ESG Premium (2020)

Morgan Stanley. Sustainable Reality (2023)

OECD. AI Governance Principles (2022)

PwC. ESG Due Diligence in M&A (2022)

Strine, Leo E. Stakeholder Governance (2021)

U.S. Securities and Exchange Commission. Climate Disclosure Rules (2024)

US SIF Foundation. Sustainable Investing Trends (2022)

Downloads

Published

2026-04-26

Issue

Vol. 5 No. 4 (2026): International Journal of Political Sciences and Economics

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

BEYOND SHAREHOLDER PRIMACY: A QUANTITATIVE AND COMPARATIVE REASSESSMENT OF FIDUCIARY DUTIES. (2026). International Journal of Political Sciences and Economics, 5(4), 298-312. https://doi.org/10.55640/