STAKEHOLDER & SHAREHOLDER
GOOD CORPORATE GOVERNANCE
What is Good Corporate
Corporate governance is "the system by
which companies are directed and controlled"
(Cadbury Committee, 1992)
It involves a set of
relationships between a
board, its shareholders
and other stakeholders
What is Stakeholder?
A person, group, or organization that has
direct or indirect stake in an organization
because they can affect or be affected by
the organization's actions, objectives, and p
Primary Stakeholder (Main)
People that actively participated with the
company and directly work there.
Secondary Stakeholder (Supporter)
Is stakeholder that has no directly
business due to a project, but they
concern so they have impact.
That has legal in the decision making.
What is Shareholder?
A shareholder or stockholder
is an individual or
a corporation that legally owns
any part of a share of stock in
a public or private corporation.
Shareholders own the
stock, but not the corporation
Companies or Investment
Person who buy
From types of stock…
- Temporary dividend.
- Fixed dividend.
From stock ownership…
-Own more than 50% of
-Exerts complete control over
the company by being able
to replace the board of
directors and the
-Have a bigger voting rights.
-Own less than 50% of
-Has less authority than
-Have less voting right.
• A theory concerning the
relationship between a principal
(shareholder) and an agent of the
principal (company's managers).
• Shareholder → Stakeholder
• Capital → Shareholders provide money
to the firm to increase stakeholder
• Profit → The higher the income, the
greater the share
price and dividends, then
the stakeholder is considered
successful / good performers deserve
incentives so high.
Case Studies :
PT Phillip Morris Indonesia 98,18% Masyarakat/Public 1,82%