Freeman states in his Stakeholder theory that the purpose of a business is to maximize value for all its stakeholders. For years, the garment industry has been known for exploiting developing countries of their cheap labor and resources while neglecting working conditions. Wall street businesses are now investing hundreds of millions in improving infrastructure and creating a safer and more modernized work environment.

Citations:

Butler, Sarah. “Big Business Will Force Change in Garment Trade, Vows Wall St Boss.” The Guardian. Guardian News and Media, 08 Sept. 2014. Web. 09 Sept. 2014.