This paper points out the problems of the current law on directors’ duties that forces directors to ignore stakeholder interests, with the unintended consequences of misallocation of resources and the weaknesses of a traditional legal approach to law reform, and uses multiple stakeholder boards as an example to demonstrate how an economic efficiency approach to law reform, adopting economic principles, could avoid some of the unintended consequences of a legal approach to law reform and help design better rules that promote allocative efficiency for the benefit of society as a whole. It argues that international organizations should take the lead in promoting the use of stakeholder directors in the board of directors of multinational corporations that have a history of corporate abuses for corporate decisions that have an impact on all stakeholders.

中文翻译：

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改革公司治理的经济效率方法：多个利益相关者委员会的案例

本文指出了现行董事义务法存在的问题，即迫使董事忽视利益相关者的利益、资源配置不当的意外后果和传统法律改革方法的弱点，并以多利益相关者委员会为例。展示采用经济原则的法律改革的经济效率方法如何避免法律改革的法律方法的一些意外后果，并帮助设计更好的规则以促进分配效率，以造福整个社会。它认为，国际组织应带头促进在跨国公司董事会中使用利益相关者董事，这些公司有公司滥用对所有利益相关者产生影响的公司决策的历史。