Stakeholders are any individuals or groups that are impacted by or can influence an organization's actions and decisions. There are internal stakeholders like employees, managers, and directors who are directly involved in the business. External stakeholders include the community, government, media, and pressure groups who are not directly involved but have an interest. It is important for organizations to consider all stakeholders because having long-term relationships with them helps the business run more efficiently, gain valuable feedback, and build a sense of community.
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
A simple and comprehensive presentation on Profit maximization v/s Wealth Maximization.
By Arvinder Pal Kaur
Faculty of Management
Northwest Group of Institutions
Dhudhike, MOGA
This presentation provides a quick overview of the the purpose, goals and role of the Board of Directors. Finally, it includes a checklist of what information Directors should receive in order to adequately perform their duties. (Quite surprisingly, this information is not provided, or is poorly organised)
A simple and comprehensive presentation on Profit maximization v/s Wealth Maximization.
By Arvinder Pal Kaur
Faculty of Management
Northwest Group of Institutions
Dhudhike, MOGA
CH -11 CORPORATE GOVERNANCE AND OTHER STAKEHOLDERSBibek Prajapati
CH -11 CORPORATE GOVERNANCE AND OTHER STAKEHOLDERS
FOR CS PROFESSONAL, CA,CMA, MBA
Stakeholder Concept
• Recognition of Stakeholder Concept In Law
• Stakeholder Engagement
• Stakeholder Analysis
• Types of Stakeholders
• Caux Round Table
• Clarkson Principle of Stakeholder Management
• Governance Paradigm and Stakeholders
• Stakeholders provide resources that are more or less critical to a firm’s long-term success. These resources may be both tangible and intangible. Shareholders, for example, supply capital; suppliers offer material resources or intangible knowledge; employees and managers grant expertise, leadership, and commitment; customers generate revenue and provide infrastructure; and the society builds its positive corporate images.
• A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interest of the company, its employees, the community and the environment.
• Stakeholder engagement leads to increased transparency, responsiveness, compliance, organizational learning, quality management, accountability and sustainability. Stakeholder engagement is a central feature of sustainability performance.
• Primary stakeholders are those whose continued association is absolutely necessary for a firm’s survival; these include employees, customers, investors, and shareholders, as well as the governments and communities that provide necessary infrastructure.
• Secondary stakeholders do not typically engage in transactions with a company and thus are not essential for its survival; these include the media, trade associations, and special interest groups.
• Customers are considered as the king to drive the market and they can sometimes exercise influence by consolidating their bargaining power in order to get lower prices.
• The lenders put a check and balance on the governance practices of an organization to ensure safety of their fund and as a societal responsibility.
• The organization which builds a mutually strong relationship with its vendors improves its overall performance in the marketplace.
• The society provides the desired climate for successful operation of a company business. If society turns against the company, then business lose its faith in the eyes of other stakeholders be it government or customer.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2. DEFINITION OF STAKEHOLDERS
• An individual or group with an interest in an
organization.
• Any individual or group who can affect or are
affected by the achievement of a firms
objective.
3. The Importance of Stakeholders
• Long-Term Relationships
• When a company has a long-term relationship
with its stakeholders, it runs more efficiently and
can have a better chance of producing profits.
• Feedback and Product Development
• Stakeholders can provide feedback during the
entire product development process, which can
positively influence the product's and/or the
company's success. In turn, a company can earn
continued and new stakeholder loyalty.
4. Continue…
• A Sense of Community
• A sense of community among stakeholders can
positively shape the organizational development
within a company and increase consumer sales.
• Considerations
• Acting upon stakeholder criticism can actually
give a company a competitive edge, and help the
company determine the stakeholders who hold
the most value for it.
5. STAKEHOLDERS IN BUSINESS
• Stakeholders in a business are any entity that
is effected by the operations of that business
in some way. The most obvious stakeholders
are employees, owners, and customers. Other
stakeholders are indirect stakeholders such as
competitors, the neighborhood the business is
in, the government, and the environment.
6. Role of Stakeholders in Business
• Voting and Decision-making
• Stakeholders may be responsible for voting on
significant changes in the business. Voting can
take place annually based on the corporate
structure of the business or during any meeting.
• Management
• Stakeholders can hold significant management
positions where they may report directly to the
president, CEO or chief financial officer.
7. Continue…
• Investing
• Stakeholders are responsible for reviewing the financial
data of the company to ensure that the business is
performing well and that they are not losing their
investment.
• Social and Environmental Responsibilities
• Stakeholders must continuously ensure that decisions
they are making for the business are doing little to
harm society and the environment. They may choose
to use an alternate resource if they realize that current
resources are becoming scarce.
9. A. INTERNAL STAKEHOLDERS
(Directly Involve With Business)
1. DIRECTORS
Director refers to a rank in management. A
director is a person who leads, or supervises a
certain area of a company, a program, or a
project.
11. INTERNAL STAKEHOLDERS
2. MANAGERS
A Manager is a person who drives the work of
others in order to run a business efficiently
and make a large profit.
12. Managers look for:
• Bonuses
• Profit Maximization
• Pleasing Shareholders
• Growing the business
13. INTERNAL STAKEHOLDERS
3. EMPLOYEES
An Employee contributes labor and expertise
to an endeavor of an employer and is usually
hired to perform specific duties which are
packaged into a job.
14. Employee look for:
• High pay
• Job security
• Good working conditions
• Fair treatment
• Fringe benefits
• Health and safety
• Promotion prospects
• Training opportunities
15. B. CONNECTED STAKEHOLDERS
(Related to business core marketing
and economic functions )
1. SHAREHOLDERS
A shareholder or stockholder is an individual
or institution (including a corporation) that
legally owns a share of stock in
a public or private corporation.
16. Shareholders look for:
• High profit
• High dividend
• Long term growth
• Prospect of capital gain
• A say in the business
• A positive corporate image
• Preferential treatment as customers
17. CONNECTED STAKEHOLDERS
2. CUSTOMER
A customer (also known as a client, buyer,
or purchaser) is the recipient of
a good, service, product, or idea, obtained
from a seller, vendor, or supplier for a
monetary or other valuable consideration
18. Customer look for:
• Low prices
• Value for money
• High quality products
• Good services
• Innovation
• Certain and regular supply
• Clear and accurate information
19. CONNECTED STAKEHOLDER
3. SUPPLIERS
A party that supplies goods or services. A
supplier may be distinguished from a
contractor or subcontractor, who commonly
adds specialized input to deliverables. Also
called vendor.
20. Supplier look for:
• A long term relationship with the firm
• Large size and value of contracts
• Frequent and regular orders
• Prompt payment
• Fair prices
• Growth of the firm leading to more orders
21. CONNECTED STAKEHOLDERS
4. ADVISERS
An Advisers is normally a person with more
and deeper knowledge in a specific area i.e. a
specialist.
22. Advisers look for:
• Profit maximization
• Returns on money invested
• Repayment of loans
23. CONNECTED STAKEHOLDERS
5. CONSULTANTS
A Consultant is usually an expert or a
professional in a specific field and has a wide
knowledge of the subject matter.
24. Consultants look for:
• Wide knowledge of the subject matter
• Medical sphere ( for a grade doctors )
• Improvements in organization strategy
• People management
• Improvement of operational processes
25. CONNECTED STAKEHOLDERS
6. COMPETITIOR
Any person or entity which is a rival against
another. In business, a company in the same
industry or a similar industry which offers a
similar product or service.
26. Competitor look for:
• To compete by all lawful means
• To differentiate its product from those of
other businesses
• Keeping up with innovation
• Avoiding anti-competitive practices
27. C. EXTERNAL STAKEHOLDERS
( Not Directly Involve With Business
But Have An Interest )
1. GOVERNMENT
A Government is the system by which
a state or community is governed.
Government normally consists
of legislators, administrators, and arbitrators.
28. Government look for:
• Compliance with laws and regulation
• Efficient use of resources
• Employment
• Contribution to National Economy
• Payment of taxes
• To control the business operation
• To assist business
29. EXTERNAL STAKEHOLDER
2. LOCAL COMMUNITY
A Local Community is a group of interacting
people sharing an environment. In human
communities, intent, belief, resources,
preferences, needs, risks, and a number of
other conditions may be present and
common, affecting the identity of the
participants and their degree of cohesiveness.
30. Local Community look for:
• Employment prospects
• Sage guarding the environment
• Acceptance of social responsibility
• Road building
• Pollution control
• Safety
• House values
31. EXTERNAL STAKEHOLDERS
3. PRESSURE GROUPS
Pressure Groups are organizations that
want to influence the government to act in
certain way. For example:
• PETA (People for the Ethical Treatment of
Animals)
• GREENPEACE
32. Pressure Groups look for:
• Interest of members
• Trade union
• Peace
• Save animals
• Clean environment
33. EXTERNAL STAKEHOLDERS
4. MEDIA
Communication channels through which
news, entertainment, education, data, or
promotional messages are disseminated.
34. Media look for:
• Keep the public informed on all issues
• Monitor the company
• Support freedom of expression
• Independence and accessibility of the mass
media
• To combat harmful elements in the mass
media.