Write short notes on Stakeholders.
Management is not accountable solely to Investors (Shareholders), but to other interest groups / constituents who are affected by corporate activity. The word “Stakeholders” describes such constituents of an organization – the individuals,; groups or other organizations which are affected by, or can affect the organization in pursuit of its goals. Stakeholders of a company would include-
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- Employees,
- Trade Unions,
- Customers,
- suppliers,
- Shareholders and investors,
- Competitors,
- Government,
- Industry as a whole, and
- Society at large.
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