STAKEHOLDER (CORPORATE)

A corporate 'stakeholder' is a party who affects, or can be affected by, the company's actions. The stakeholder concept was developed and championed by R. Edward Freeman in the 1980s. It has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, and business purpose (See Stakeholder theory).
A narrowly defined list of stakeholders might include:

★ Employees

★ Communities

★ Shareholders

★ Investors

★ Environment

★ Government
Broader lists of stakeholders may also include:

★ Suppliers

★ Labor unions

★ Government regulatory agencies

★ Industry trade groups

★ Professional associations

★ NGOs and other advocacy groups

★ Prospective employees

★ Prospective customers

★ Local communities

★ National communities

★ Public at Large (Global Community)

★ Competitors

Contents

See also

References

See also

★ Stakeholder (law)

★ Stakeholder theory

References

★ Redefining the Corporation

★ "Redefining the Corporation: Stakeholder Management and Organizational Wealth", by Post, Preston, and Sachs, Stanford University Press, 2002