Final answer:
The broader stakeholder view is referred to as Stakeholder Theory. It advocates for balancing the interests of all stakeholders in a firm's operations as opposed to focusing solely on shareholders.
Step-by-step explanation:
The broader stakeholder view is also known as Stakeholder Theory. According to Stakeholder Theory, a corporation should be managed in a way that balances the interests of all its stakeholders, not just the shareholders. This includes individuals like employees, customers, suppliers, community members, and anyone else affected by the company's operations. It contrasts with attitudes such as shareholder primacy, which dictates that a firm's primary responsibility is to its shareholders and the maximization of shareholder wealth.
Corporate governance structures, including boards of directors and auditing firms, play a key role in scrutinizing the operations of a firm to ensure the interests of stakeholders are considered.