A corporate governance philosophy holding that a company’s primary duty is to its owners: the shareholders. Under this model, management is expected to operate the business to create long-term shareholder value while obeying the law, competing honestly, and avoiding fraud or deception. Shareholder primacy does not mean ignoring employees, customers, suppliers, or communities; rather, it evaluates those relationships through the lens of whether they help the company create durable, lawful, and competitive value for its owners.
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