ARCHIVES
VOL. 8, ISSUE 2 (2026)
The rights and roles of non-shareholder stakeholders in enterprises: An urgent requirement in the reform of Vietnamese corporate law
Authors
Nguyen Ngoc Sang
Abstract
In the context of a global economy
increasingly oriented toward sustainable development and transparent
governance, non-shareholder stakeholders such as employees, creditors,
consumers, and local communities are playing an increasingly important role in corporate
activities. However, Vietnamese corporate law continues to operate largely
under a shareholder-centric model, failing to fully recognize the legal status
and substantive participatory rights of these actors. As a result, protection
mechanisms remain predominantly reactive, arising mainly after risks have
materialized. This legal gap limits the capacity for early-stage monitoring,
feedback, and risk prevention. Against this background, the dissertation
focuses on analyzing the theoretical and practical foundations of the role of
non-shareholder stakeholders, assessing the shortcomings of the current legal
framework, and proposing reforms based on the stakeholder value theory
approach, with a view to strengthening participatory mechanisms and enhancing
sustainability in corporate governance.
Download
Pages:210-215
How to cite this article:
Nguyen Ngoc Sang "The rights and roles of non-shareholder stakeholders in enterprises: An urgent requirement in the reform of Vietnamese corporate law". International Journal of Law, Policy and Social Review, Vol 8, Issue 2, 2026, Pages 210-215
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.