Beyond Shareholder vs. Stakeholder
Hybrid approach may work best
The common practice of companies aligning themselves with one of two corporate governance models is often not as effective as it may seem.
In their article, "Bundles of Firm Corporate Governance Practices: A Fuzzy Set Analysis," IESE Profs. Roberto García-Castro and Miguel A. Ariño, together with Ruth V. Aguilera, argue that hybrid systems, which incorporate practices from both models, can, in fact, produce better results.