STAKEHOLDER

Stakeholder

A corporate stakeholder is that which can affect or be affected by the actions of thebusiness as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute. It defined stakeholders as "those groups without whose support the organization would cease to exist." The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility .

The above text is a snippet from Wikipedia: Stakeholder (corporate)
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stakeholder

Noun

  1. A person holding the stakes of bettors, with the responsibility of delivering the pot to the winner of the bet.
  2. An escrow agent or custodian.
  3. A person filing an interpleader action, such as a garnishee or trustee, who acknowledges possession of property that is owed to one or more of several other claimants.
  4. A person or organisation with a legitimate interest in a given situation, action or enterprise.


The above text is a snippet from Wiktionary: stakeholder
and as such is available under the Creative Commons Attribution/Share-Alike License.

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