NONSHAREHOLDER CONSTITUENCY

NONSHAREHOLDER CONSTITUENCY

nonshareholder constituency. A group of nonstockholders, such as employees or the public, who have an interest in the corporation’s business ¡ª an interest that the corporation may legally consider, in addition to shareholders’ interests, in making major policy decisions. ¡ª Also termed alternative constituency. [Cases: Corporations 310(1). C.J.S. Corporations ¡ì¡ì 475, 477¨C484, 487¨C489.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.