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.
Richard Jun Li, Vice President of Innova Research commented: "The efficiency of the Chinese innovation eco-system will improve significantly once the barriers preventing the flow of innovative elements among the stake holders in the innovation eco-system are removed.
Al Yousuf emphasized the importance of consultation with all the stake holders and said: "The content of the draft policy aims at covering all aspects in depth and detail in order to facilitate major changes in agriculture in both its plant and animal domains.
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.
Both the parties will be responsible for creating awareness in agricultural development, food security and its efficient utilization among stake holders at national level.
Had half this damage been inflicted to some powerful individuals or stake holders of this country, they would have made life a living hell for culprits and ensured confiscation of their illegally acquired assets in addition to long prison sentences.
They asked education department to organize seminars to create awareness among parents and stake holders.
ISLAMABAD -- Islamabad High Court has sought a reply from all stake holders responsible for issuance of illegal hunting licenses to Qatri and UAE princes in Punjab.
16 million to create awareness among different stake holders regarding labour rights and strengthening inspection regime.
Visa reforms are a continuous process involving appropriate consultation with stake holders and security agencies.
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.
In the meantime, we simply want to go ahead and to reach out to all other stake holders in Jammu and Kashmir, because we believe that no one group of the stake holders can hold the entire Dialogue process to ransom," he added.