Stakeholders

Business, Legal & Accounting Glossary

Definition: Stakeholders


Quick Summary of Stakeholders


A general term devised to indicate all those who might have a legitimate interest in receiving financial information about a business because they have a ‘stake’ in it.



What is the dictionary definition of Stakeholders?

Dictionary Definition


A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.

  1. A person holding the stakes of bettors, with the responsibility of delivering the pot to the winner of the bet.
  2. An escrow agent or custodian.
  3. A person filing an interpleader action, such as a garnishee or trustee, who acknowledges possession of property that is owed to one or more of several other claimants.
  4. A person or organisation with a legitimate interest in a given situation, action or enterprise.

Full Definition of Stakeholders


A person, group or organisation that has interest or concern in an organisation.

Any individual, group or business with a vested interest (a stake) in the success of an organization is considered to be a stakeholder. A stakeholder is typically concerned with an organization delivering intended results and meeting its financial objectives. In general, a stakeholder can be one of two types: internal (from within an organization) or external (outside of an organization). Examples of a stakeholder are an owner, manager, shareholder, investor, employee, customer, partner and/or supplier, among others. A stakeholder may contribute directly or indirectly to an organization’s business activities. Other than a traditional business, a stakeholder may also be concerned with the outcome of a specific project, effort or activity, such as a community development project or the delivery of local health services. A stakeholder usually stands to gain or lose depending on the decisions taken or policies implemented.

Stakeholders can affect or be affected by the organisation’s actions, objectives and policies.

Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.


Examples of Stakeholders in a sentence


If you feel that a company is going to perform really well in future, you may want to consider becoming a stakeholder in the organisation.
Opening up the stock options to the employees made them stakeholders in the business, and they became more focused on the company’s long-term success.
As a stakeholder in several large telecommunications corporations, he receives quarterly updates their forecasts and budget projections.


Synonyms For Stakeholders


actors, stakeholder, interested parties, parties concerned, players

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/stakeholders/
Modern Language Association (MLA):
Stakeholders. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 08, 2020 https://payrollheaven.com/define/stakeholders/.
Chicago Manual of Style (CMS):
Stakeholders. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/stakeholders/ (accessed: July 08, 2020).
American Psychological Association (APA):
Stakeholders. PayrollHeaven.com. Retrieved July 08, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/stakeholders/

Definition Sources


Definitions for Stakeholders are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th February, 2020 | 130 Views.