ALERT

Free Webinar | Take your Safety Culture to New Heights | Dec. 13 at 1PM (ET)

Stakeholder

Definition - What does Stakeholder mean?

A stakeholder is usually any person, group, or organization with an interest in a company or organization. Stakeholders can influence or be affected by the company's objectives and policies.

Creditors, directors, employees, government bodies, owners (shareholders), suppliers, and unions are all examples of stakeholders.

Safeopedia explains Stakeholder

Stakeholders have different rights and a different degree to which they can exercise these rights. For example, customers may be entitled to fair trade practices, but when it comes to internal policies and procedures, they are not entitled to the same consideration as the company's employees.

Further examples of stakeholders include workers employed for a company, groups of people or organizations, and customers. They can be actively involved in a project, affected by the project’s outcome, or be in a position to influence the project’s success in a number of ways.

Stakeholders can be either an external or internal part of a company's organization. External examples include customers, creditors, unions, or members of a community. The number of stakeholders can vary depending on the scope of a company's operations.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on health and safety industry.