Examples of corporate stakeholder in the following topics:
-
- A stakeholder is an individual or group that has a legitimate interest in a company.
- A corporate stakeholder is an individual or group who can affect or be affected by the actions of a business.
- In discussing the decision-making process for institutions—including large business corporations, government agencies, and non-profit organizations -- the concept has been broadened to include everyone with an interest (or "stake") in what the entity does.
- The picture shows the typical stakeholders of a company.
- The stakeholders are divided in internal and external stakeholders.
-
- The stakeholder concept is associated with the concept of corporate governance.
- Corporate governance involves regulatory and market mechanisms and the relationships that exist between a company's management, its board, its shareholders, other stakeholders, and the goals for which the corporation is governed.
- In the field of corporate governance and corporate responsibility, a major debate is currently occurring about whether a firm or company should make decisions chiefly to maximize value for shareholders, or if a company has obligations to other types of stakeholders.
- While the Anglo-American (US and UK) business "model" tends to emphasize the interests of shareholders over other implicated parties, some European countries formally recognize other stakeholders in corporate governance decisions.
- The environment can be seen as a stakeholder.
-
- However, stakeholder theory argues that there are other parties involved, including governmental bodies, political groups, trade associations, trade unions, communities, associated corporations, prospective employees, prospective customers, and the public at large.
- Market stakeholders (sometimes called "primary stakeholders") are those that engage in economic transactions with the business.
- Stakeholders, as opposed to shareholders, tend to focus on corporate responsibility over corporate profitability.
- In the field of corporate governance and corporate responsibility, a major debate is ongoing about whether the firm or company should be managed for stakeholders, stockholders (called "shareholders"), or customers.
- While the stakeholder view has an increased cost, many firms have decided that the concept improves their image, increases sales, reduces the risks of liability for corporate negligence, and makes them less likely to be targeted by pressure groups, campaigning groups and NGOs (non-governmental organizations).
-
- Suppose a corporation is engaging in environmentally harmful practices.
- Pressure from these stakeholders can force the corporation into adopting a corporate self-regulation policy that improves their environmental footprint.
- Increasingly, corporations are motivated to become more socially responsible because their most important stakeholders expect them to understand and address the social and community issues that are relevant to them.
- Key external stakeholders include customers, consumers, investors (particularly institutional investors), communities in the areas where the corporation operates its facilities, regulators, academics, and the media .
- Branco and Rodrigues (2007) describe the stakeholder perspective of CSR (corporate social responsibility) as the inclusion of all groups or constituents (rather than just shareholders) in managerial decision making related to the organization's portfolio of socially responsible activities.
-
- Employees, managers, corporate leaders, and owners/stockholders are examples of internal stakeholders.
- Each stakeholder has its own set of priorities and values, which may either overlap or conflict with those of other stakeholders.
- Increasingly, corporations are motivated to become more socially responsible because their internal stakeholders expect them to understand and address relevant social and community issues.
- A manager is an example of an internal stakeholder.
- Differentiate between external and internal stakeholders, with a particular focus on the ethical responsibilities an organization has to its internal stakeholders
-
- The primary purpose of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
- Stakeholder theorists believe that people who have legitimate interests in a business should influence its operation.
- This concept is called corporate social responsibility (CSR).
- This also validates the growing importance of innovation as a core principle for corporation survival and success.
- Stakeholder theorists believe that people who have legitimate interests in a business also ought to have voice in how the business is run.
-
- The agency view of the corporation posits that the decision rights (control) of the corporation are entrusted to the manager to act in shareholders' and other stakeholders' interests.
- Partly as a result of this separation, corporate governance mechanisms include a system of controls intended to help align managers' incentives with those of shareholders and other stakeholders.
- The deviation from the principal's interest by the agent is called 'agency costs. ' Agency costs mainly arise due to contracting costs and the divergence of control, separation of ownership and control and the different objectives of the managers and other stakeholders.
- Three parties key to the functioning of the corporation are the managers, shareholders, and bondholders.
- While managers control the corporation and make strategic decisions, shareholders are owners, and bondholders are creditors.
-
- Corporate governance is the system by which companies are directed and controlled.
- It involves regulatory and market mechanisms; the roles and relationships between a company's management, its board, its shareholders, and other stakeholders; and the goals for which the corporation is governed.
- In contemporary business corporations, the main external stakeholder groups are shareholders, debtholders, trade creditors, suppliers, customers, and communities affected by the corporation's activities.
- Internal stakeholders are the board of directors, executives, and other employees .
- Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders.
-
- Although all stakeholders can affect or be affected by the organization's actions, objectives, and policies, not all stakeholders are equal.
- The concept of stakeholders is often used in the context of corporate social responsibility, to refer any groups that may be affected by a company's actions, even indirectly.
- Customers represent another key stakeholder group.
- In a stock corporation, the board is elected by the shareholders and is the highest authority in the management of the corporation.
- A stockholder, or shareholder, is an individual or institution that legally owns a share of stock in a public or private corporation.
-
- The aim of public relations by a company is to persuade the public, investors, partners, employees, and other stakeholders to maintain a certain point of view about it, its leadership, products, or of political decisions.
- In other words, public relations is a management activity that attempts to shape the attitudes and opinions held by an organisation's stakeholders.
- The aim of public relations by a company is to persuade the public, investors, partners, employees, and other stakeholders to maintain a certain point of view about it, its leadership, products, or of political decisions.
- In other words, public relations is a management activity that attempts to shape the attitudes and opinions held by an organisation's stakeholders.
- Examples include: Corporations use marketing public relations to convey information about the products they manufacture or services they provide to potential customers to support their direct sales efforts.