As mentioned, an outsider country where share has been dispersed, the share is
usually be held by individuals who rely on their dividend or institutional investor who
usually have an objective to maximise the return of their investment. Therefore, when
the company is held by these people, the management tends to set the company goal
by focusing on profit maximisation to serve the shareholder interest, while in many
country such as in Germany and Japan, the company might not have the duty only to
maximise the shareholder return but also to serve the other stakeholder interest such
as employees, supplier, local country and etc. In many countries, the law provide a
mandatory for a company to look after the other stakeholder interest additional from
the normal legal by imposing in the company law such as in Germany when where
half of the board must be represented by the labour union in company board that have
more than 2000 employees.