> current corporate governance model, which prioritizes shareholder profits, to a stakeholder governance model that considers the interests of all parties involved, including workers and communities

But the current model DOES consider the interests of all parties involved. Shareholders own companies (even workers or members from the community can!), and if we're going to respect private property...

Communities' interests are served by curtailing companies via regulations to behave in ways that the community finds acceptable.

Worker's interests are served because they can choose why they work for. And companies have to pay minimum wage, etc.