The term 'Alter Ego' refers to a legal doctrine that allows courts to disregard the distinct legal identity of a corporation and hold its shareholders or directors personally liable for corporate actions.
A legal defense in which a senior executive claims ignorance of fraudulent or otherwise unlawful practices within their company. Famously coined during the 2005 trial of Bernie Ebbers, founder of WorldCom.
Stakeholders are individuals or groups with an interest in an organization, such as shareholders, employees, suppliers, customers, and members of the community. Stakeholder theory seeks to incorporate the interests of all stakeholders in business activities and decisions.
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