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 the stake holders should jointly launch media campaign to highlight this great achievement of breaking the high after four years against all the odds among the masses to generate positive sentiments among the general public and to diffuse the misconceptions about the investment in stock markets and to generate positive image as the viable option to invest their money.
These institutes are all state-owned and relatively isolated from the other stake holders in the innovation eco-system such as industry players and investors.
He now plans to buy out the rest of the stake holders to take the company private, moving it away from Wall Street pressures.
The policy, which is in line with the emirate's public policy agenda, was presented before the stake holders in order to seek their views and observations, which will add value to the policy as well as strengthen its implementation processes.
He said PACP would be revamped in consultation with stake holders while in comparison with past a mechanism would be evolved to utilise funds in a transparent way instead of giving powers to individual so that pilferage of resources could be checked.
This question wilt be taken on board by representatives of certification bodies, retailers and other key stake holders as they take a look at the recent growth in this major market sector at a half-day briefing session being organised by The Society of Food Hygiene Technology.
The teams of district administration was regularly conducting awareness campaigns in various markets of the city regarding usage of plastic bags with different stake holders to sensitize them about its harmful effects.
He said, the campaign 'Say no to Plastic' was already running on social media, while to make this drive successful on ground, a joint effort was needed by taking all stake holders on board which conveyed a positive message among citizens.
ISLAMABAD: Mufti Muneeb-ur-Rehman on Monday said that Ulema were in favor of unified educational system and urged the government to re-design the curriculum by taking all stake holders on the board.
Tenders are invited for Content preparation, Designing and printing of 5000 copies of "mana amaravati news letter" (bi monthly) and distributing the copies to the stake holders of apcrda
As per media report, they launched a campaign on social media against the Board marking policy, indifference of the teachers and prayed for justice from Chief Justice of Pakistan, Education Minister of Punjab and other concerned stake holders.
Senior Office bearers of Pakistan Pharmaceutical Manufacturers Association Khawaja Shahzeb Akram, Engr M Haseeb Khan Chairman PPMA North, UzairNagra and stake holders of Health care and Pharmaceuticals Industry were present.