Paper Title
Practical Proposal For the Implementation of a Stakeholder Model of the Firm

Abstract
There are a number of practical proposals have been suggested for the implementation of the stakeholder theory of the firm. This paper will discuss two of these proposals, namely; the Principle of Directors responsibility and the Trusteeship model of stakeholder. Freeman�s proposal �the Principle of Directors Responsibility� in which he proposes that directors should take into account the interests of all stakeholders not just the interests of the shareholders. John and Silberston�s suggest �a trusteeship model� in which director�s act as trustees for all stakeholders. It will be demonstrated that although both proposals are practically difficult to implement, they both have their merits. Index Terms� Company Law, Corporate Governance, Stakeholders� Interests.