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.] […]