10 / 11  BIS central bankers' speeches  If you have the laws but then you need to wait for eight years because there is no judge, it does not help either. And if there is no judge the cases pile up, and you can count them as they come in.
However, the extent to which stakeholders are involved in managing the company should vary according to the laws and regulations and to different companies. For example, employee shall be represented at the Board; employee share-holding plan or other profit sharing mechanism shall be put into place; views of stakeholders shall be considered in some important decisions.