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 ?
A second general problem for stakeholding is that it was conceived too narrowly as economy-centric.
The definition of stakeholder most commonly associated with Stakeholding is the one introduced by R.
CSH prompts questions, not just on who the relevant stakeholders are to look out for in CSR, but the kinds of stakeholding development that might be anticipated for each stakeholder group.
They do not want to "transform stakeholding into yet another exercise in paternalistic social engineering" (p.
If in the United States the arguments were framed in the briefly fashionable language of "corporate citizenship," in Britain it is the idea of "stakeholding" which has taken root.
Yet on the point of stakeholding his work seems rather limited.
While stakeholding based on economic and social interests is questionable enough, it seems likely that the process will also become a back-door means of advancing explicit racial, ethnic, and gender-based quotas in government.
It enables owners to set valuation criteria within market-facing parameters, empower management and divest a substantial proportion of your stakeholding tax effectively while redefining your role and dayto-day involvement if appropriate.
Erm, Ashley gave an undertaking not to influence the management of the club while keeping his stakeholding under 10 per cent.
Sport Capital is on the verge of acquiring a minimum 75% staKeholding and counts among its number Andrew Flowers, the managing director of the club's main sponsor Enterprise Insurance and a lifelong Leeds fan.
Singapore's Fullerton Financial Holdings has acquired a 45% stakeholding in a new fully licensed commercial bank in Cambodia.
That, in effect, means they call all the shots in regard to any future sale of Blues (BIHL have 96 per cent of the club) and can crush any further disquiet among shareholders by buying their stakeholding.