Within the context of modern Corporate Governance and particularly in the aftermath of the
financial scandals of the XXIst Century, companies, regulators, markets and the public in
general claim for more transparency, accountability, shareholders and investor protection.
There is also a trend towards reinforcing the Responsibility of Companies towards the
Communities in which they develop their businesses. However, generally speaking
shareholders do not have a direct control nor saying in management; and stakeholders
possibility of influencing corporations’ decisions seems very rare. This article reviews some
of the existing corporate cultural and legal systems and provides ideas for future development
of corporate Governance in de field of Share- and Interest- -Holders’ protection
