stakeholder

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Stakeholders

All persons and institutions that have an interest in seeing a venture or company succeed. Stakeholders include shareholders, management, employees, the larger community, and even the government. While stakeholders may not have a direct financial holding in the company, they would still stand to benefit if the venture or company succeeds. For example, the local government may wish to see a company succeed because it provides tax revenue, even though the local government does not directly own any part of the company.

stakeholder

Any party that has an interest in an organization. Stakeholders of a company include stockholders, bondholders, customers, suppliers, employees, and so forth.

stakeholder

someone having an interest or stake in the operations and performance of a firm. Shareholders in a company have an interest in so far as they have invested money in the company and look for a return on that investment in the form of dividends and share appreciation. Employees have a stake since they work in the firm and are dependent on the firm for their jobs and incomes. Customers have a stake since they buy products from the firm and require a stable supply of products that are safe, effective and affordable. Suppliers have a stake as providers of raw materials and services. Finally the broader community has a stake in the firm and looks to the firm to behave as a ‘good citizen’ who will avoid polluting the environment and will help in solving community problems such as inner city decay etc.

Until recent years managers were expected to run companies largely in the interests of shareholders; however in recent years firms have been urged to adopt broader responsibilities to all stakeholders.

See CORPORATE SOCIAL RESPONSIBILITY, CORPORATE GOVERNANCE.

stakeholder

someone who has an interest or stake in an organization. In a JOINT-STOCK COMPANY stakeholders include:
  1. shareholders, who expect reasonable returns on their investment (dividends and share appreciation);
  2. employees, who expect good wages, job security and working conditions;
  3. customers, who expect good-quality products at reasonable prices;
  4. suppliers, who expect regular orders and prompt payment;
  5. the community, which expects companies to pay taxes and curb their pollution.

Discussions of CORPORATE GOVERNANCE have tended to emphasize the responsibility of salaried managers to act as AGENTS of the shareholders who own the business. By contrast, stakeholder advocates stress the multiple responsibilities of a company and its managers to all stakeholder groups and the need for companies to accept SOCIAL RESPONSIBILITY for their actions. See FIRM OBJECTIVES.

stakeholder

Anyone who might be affected by a decision;anyone who has a “stake”in the outcome of a situation. Local government decisions are typically made with reference to the stakeholders in the community,which could include nearby property owners,employers,employees,tenants,lenders, and community service programs.

References in periodicals archive ?
All stake holders of the committee included, Ministry of finance, Planning division, Ministry of railways, planning wing of CDA and commissioner Rawalpindi, briefed the committee on the Transport system.
Preparations have been finalized to allow abrogator of constitution, Pervez Musharraf, to flee from the country with the help of stake holders.
Hansen advocates that stake holders keep up the pressure on small businesses, employees and medical providers to prevent some of the worst abuses in the workers' compensation system.
But industry officials said the shares will likely be allocated to Japan Telecom and two other J-Phone stake holders -- Britain's Vodafone Group PLC and British Telecommunications PLC.
Our digital writing solutions and Print on Demand provide the fastest and most significant opportunity for user adoption while supporting all of the back office benefits of collaborative technology allowing stake holders, IT professionals, and the Board Room to boast success.
Karachi -- Chief Secretary Sindh Muhammad Siddique Memon has assured the stake holders of Education City that all approved facilities are being arranged on the site of Education city in accordance with rules.
The company's three stake holders - Kahrabel, Mubadala Power Holding and National Trading - are offering a total of 6,987,246 shares or 35 per cent to the investing public as offer for sale.
New Delhi, June 8 (ANI): Advocating a new paradigm of collaborative approach to water management in South Asia to harness water optimally for all stake holders, Bangladesh High Commissioner to India, Mr.
Experience of selling into multi-site retail in a competitive market place and the ability to influence key stake holders are key.
The group said in April 2002 there were around 840, 000 stake holders in existence, around 680, 000 of which were taken out by employed people.
This shift enables local school stake holders to work more actively than before to improve each school's bottom line - student achievement.
Rover INK digital writing solutions provide the fastest and most significant opportunity for user adoption while supporting all of the back office key performance indicators stake holders and IT professionals require to boast project success.