stakeholder


Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
Related to stakeholder: Stakeholder Management

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 ?
Corporate Governance is essentially about balancing the interests of stakeholders in a company.
On this basis we can say the stakeholders are owners, lenders, employees, business associates and society at large.
3.1 Relacao entre a priorizacao do stakeholder e a participacao na tomada de decisao
Na gestao para stakeholders, sera considerada que a priorizacao do stakeholder tem relacao com a participacao na tomada de decisao, pois quanto maior a presenca dos atributos que caracterizam a priorizacao do stakeholder, como importancia, poder, e influencia, maior seria a probabilidade da organizacao engaja-lo na tomada de decisao.
This irregular practice has been a source of irritation for port stakeholders who are complaining about the need for them to pay the insurance premiums of shipping containers that they do not own.
Besides, concerned port stakeholders are in doubt as to the personality of AISL to mandatorily impose and collect from them the said amount.
Finally, there is ample evidence on the incidence of stakeholder management as practiced by organizations (Verschoor, 1998; Ogden and Watson, 1999; Berman et al., 1999; Luoma and Goldstein, 1999; Pajunen, 2006; Henisz et al., 2014).
Can you identify which stakeholders you left out of the loop, and who ended up influencing your success?
Are stakeholder perspectives addressed in respectful and courteous ways?
In the light of these developments, CIPDIB wishes to acknowledge the efforts of all stakeholders, industry players and the media in helping resolve this critical issue of national concern.
The capacity building will also ensure the stakeholders create demand for family planning and improve the financial sustainability of family planning,' she added.
Fahnbulleh, Who led the delegation admonished that they were engaging district and chiefdom stakeholders to not only inform them about the deadly Marburg Virus which was recently discovered in Cave Dwelling-Fruit Eating Bats in their districts and chiefdoms, but to also advise them to stay away from bats