BEYOND SHAREHOLDER PRIMACY: A QUANTITATIVE AND COMPARATIVE REASSESSMENT OF FIDUCIARY DUTIES

Corporate governance in the United States is undergoing a structural transformation driven by economic globalization, regulatory expansion, and the institutionalization of ESG frameworks. While fiduciary duties have historically been interpreted through shareholder primacy, recent empirical and doctrinal developments indicate a measurable shift toward stakeholder-oriented governance. This article integrates quantitative market data, judicial trends, and comparative regulatory frameworks to argue that fiduciary duties are being recalibrated to reflect modern corporate realities.