::Stakeholder (corporate)


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A stakeholder or stakeholders, as defined in its first usage in a 1963 internal memorandum at the Stanford Research Institute, are "those groups without whose support the organization would cease to exist."<ref>Stockholders and Stakeholders: A new perspective on Corporate Governance. By: Freeman, R. Edward; Reed, David L.. California Management Review, Spring83, Vol. 25 Issue 3, p88-106</ref> 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 (CSR). A corporate stakeholder can affect or be affected by the actions of a business as a whole.

The term has been broadened to include anyone who has an interest in a matter.

Stakeholder (corporate) sections
Intro  Applications of the term   Types of stakeholders    Stakeholder theory   See also  References  

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