Research on Stakeholder Rights and Interests Protection in Corporate Governance

Abstract

By studying how to protect the interests of the company’s stakeholders, the distribution of power and division of responsibilities can be clarified, the interests of all parties can be better balanced, and sound corporate governance aims to pursue the long-term interests and sustainable development of enterprises. This paper constructs a theoretical framework based on agency theory and oriented by stakeholder theory, compares the shareholder-dominated governance model with the stakeholder co-governance model, studies the basic roles and responsibilities of stakeholders, and proposes specific pathways for optimizing the corporate governance structure. The results show that effective stakeholder equity protection is not only the core strategy for enterprises to achieve longterm sustainable development, but also the cornerstone for building a harmonious capitalism and a responsible market economy. Furthermore, the findings indicate that successful corporate governance reform needs to seek a dynamic balance between shareholders’ interests and the rights and interests of other stakeholders, and implement it through systematic institutional arrangements such as conceptual transformation, structural optimization, mechanism innovation, and information transparency.