Distinguish between shareholder and stakeholder in a business context. Comment on the influence of shareholders on the management of a company and its allocation of rewards.

Essay specific features

 

Issue:

Business

 

Written by:

Ronald S

 

Date added:

April 1, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

8 / 2191

 

Was viewed:

6186 times

 

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Essay content:

In order, to distinguish shareholders from other stakeholders there will be paragraph analysing identity of this group. This analysis is followed by exceptionally important rights of shareholders which are giving them power to influence both company’s direction and through this other stakeholders. Stakeholder theory and concept According to Freeman stakeholder (1984) can be defined as any individual or group which is affected by or can affect achievement of the organization’s objectives (Freedman and Miles 2006)...
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In this context organization is seen as a grouping of stakeholders and its purpose should be to manage their interests, needs and viewpoints. The fundamental role of stakeholder management is lying on top- level managers. Freeman in whose seminal work (1984) emerged new conception of stakeholder theory has elaborated two principles of this model as follows: 1...
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