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Stakeholders can be individuals, institutions, organisations or groups. Stakeholders can be directly involved in the activity (for example, teachers, officials, students) or can simply be affected by it (for example, parents, employers, textbook publishers).
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Who are the greatest stakeholders in education?

Students are the primary stakeholders in education. The primary purpose of why the school was created is for student learning. Thus, students are directly impacted by the educational system and are the greatest stakeholders in education.
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Who are the stakeholders in a learning program?

Enabling Learner Success in Career-Relevant Education – Published Mar 21, 2022 As an educator, I find that I’m at my best when I’m collaborating with others. I have learned that this is especially true in the process of developing new training programs.

Each program I have developed had a wide range of stakeholders: individuals and groups who had an interest in the training program, its learning outcomes, and its impact on the success of the organization. Most recently, this has been true in the redevelopment of the Java training I deliver for emerging talent at mthree.

The company I work for, mthree, contracts with corporate clients to provide emerging talent to work in technical and business operations roles. Emerging talent are recent college graduates seeking great first job roles with Fortune 500 companies. Many of these roles are as Java Software Developers.

1. My team and I are redeveloping our Java curriculum to better prepare our trainees to be agile software developers in banking and finance companies.
2. We need the buy in and input from a number of important stakeholders to accomplish our training goals, employment goals for the trainees, and software development goals for our corporate clients.

According to Pappas (2020), there are 9 key stakeholders for training, including investors, upper management, elearning project managers, learners, instructional designers, instructors, tech experts, program administrators, and support staff. Papas’ list applies to my Java program development project but doesn’t go far enough.

the corporate clients who employ our trainees the sales teams who place our trainees at the clients’ sitesthe engagement teams who support our emerging talent once they’re on the jobemployers beyond our list of current clients, who will employ our trainees after their placement ends or who might sign up with mthree services in the futurethe software development project teams who will work with our placements

As I think about all of these important stakeholders, I have different levels of access to them, different questions or concerns to address with them, different means of communicating with them, and different asks of them to support our successful training.

My team and I have worked together to develop a communication strategy for all of the stakeholder groups that we have to include in our process. For each stakeholder group, we have identified the training goals that are most relevant, the role they have in the training program, and a strategy for how to gain their support for the training.

Stakeholder evaluation and engagement is an important way that educators collaborate to develop new training programs. Getting specific about which stakeholder groups care about our training and its outcomes ensures that we engage the right people in the program’s development and delivery.
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Which members are considered stakeholders?

Stakeholder vs. Shareholder – Stakeholders are not the same thing as shareholders. A stakeholder can be a wide variety of people impacted or invested in the project. For example, a stakeholder can be the owner or even the shareholder. But stakeholders can also be employees, bondholders, customers, suppliers and vendors.

A shareholder can be a stakeholder. A shareholder, though, is someone who has invested in a corporation. That corporation might initiate projects in that the shareholder is also a stakeholder. Put simply, shareholders are also stakeholders, but stakeholders are not always shareholders. That’s because a shareholder owns part of a public company through the purchase of stocks.

A stakeholder has an interest in the corporation’s overall performance, not stock performance.
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Who are the stakeholders in early childhood education?

Parents, families, and community members including leadership from local businesses, service agencies, religious groups, elected officials, and influential community members.
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Who are 4 stakeholders in a school environment?

Stakeholders can be individuals, institutions, organisations or groups. Stakeholders can be directly involved in the activity (for example, teachers, officials, students) or can simply be affected by it (for example, parents, employers, textbook publishers).
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Who are the most 3 important stakeholders?

What Is a Stakeholder? – A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers. However, with the increasing attention on corporate social responsibility, the concept has been extended to include communities, governments, and trade associations.
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Who are internal and external stakeholders in education?

The following suggestions draw on the manual Democratic governance of schools (quoted here as DGS ) by Elisabeth Bäckman and Bernard Trafford, Council of Europe Publishing 2007, pp.51 – 59. In a democratic school community, it is important that all stakeholders have the opportunity to participate.

They should be involved in communication, networking, communication and decision-making. By involving the local community, your school demonstrates that it does not wish to seclude itself, but rather play and active part in society. Members of the school community are actors, not spectators, whether on the school premises, or defending a democratic society, if necesssary (see DGS, p.51).

As a school principal and stakeholder, you play a key in initiating, framing and encouraging all other groups of stakeholders to play their part. This role is challenging, as the number of staff members, students, and employees is often equal to the workforce in middle-sized companies.

• School principals interact closely with internal stakeholders, teachers, students and employees.
• On the other hand, there are external stakeholders, such as parents, school authorities, local policy makers, and donors.
• As school principal, you cannot control the behavior of any of these groups, but you can appeal to their shared interest in the school’s success.

Therefore, your personal and professional outlook is decisive when you attempt to get all stakeholders involved in school life.
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Why do we need stakeholders in school?

Stakeholders have the significant responsibility of leading and supporting the learners and in creating an enjoyable environment so that the latter’s potential and self-confidence can develop well.
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What is stakeholder in simple words?

What is a stakeholder? – A stakeholder is a person, group or organization with a vested interest, or stake, in the decision-making and activities of a business, organization or project. Stakeholders can be members of the organization they have a stake in, or they can have no official affiliation.

1. Stakeholders can have a direct or indirect influence on the activities or projects of an organization.
2. Their support is often required for business and project success.
3. The International Organization for Standardization’s ISO 26000 is a set of international standards for corporate social responsibility.

It offers the following criteria for identifying a stakeholder:

An organization is legally obligated to stakeholders. They might be positively or negatively impacted by an organization’s decisions. They are likely to express concerns and be involved in the activities of an organization.

Based on this criteria, stakeholders often include customers, employees, investors, suppliers, boards of directors, community members and organizations, and government entities. Stakeholder capitalism is a system in which an organization prioritizes stakeholders’ interests.

The term stakeholder has its roots in horse racing. A stake race is one in which the prize money is derived from the entry fees that horse owners pay to enter the race. The entry fee is called a stake, a synonym for risk. The person or entity that takes care of the entry fees until the prize money is awarded is called the stakeholder.

Traditionally, the stakeholder has no financial interest in the outcome of the race. Stakeholders are often divided into two groups, internal and external stakeholders.
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What is the role of stakeholders?

What Is the Role of a Stakeholder? A stakeholder’s primary role is to help a company meet its strategic objectives by contributing their experience and perspective to a project. They can also provide necessary materials and resources. Their support is crucial to a successful project.
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How many stakeholders are there in education?

A stakeholder is anyone who is impacted, either directly or indirectly, by what happens within your school. Stakeholders in education include students, parents, educators, policy-makers, and the business community. Each of these groups has a vested interest in ensuring that our educational system is effective and meets the needs of all learners.
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What is a stakeholder in education Definition & Examples?

Internal vs. External Stakeholders – In general, stakeholders in education can be divided into two major groups: They are the groups of people within the school community. They are commonly students, parents or family members, educators, school board members, support staff, etc. Primarily, the success of a school depends on those community members.
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What is the role of the stakeholders in the student’s development?

Describes the roles and responsibilities of Ontario’s major education stakeholders.

Ministry of EducationEducation Quality and Accountability OfficeOntario College of Teachersschool boardsschool trusteesstudent trusteesdirectors of educationsuperintendentsparent involvement committeesprincipalsschool councilsstudent councils

prepare for your seminar this week (2 tasks)

In accordance with the Education Act, a number of education stakeholders have specific roles and responsibilities within Ontario’s educational system. This extended topic introduces the roles of the major stakeholders. For four of the stakeholders, students are assigned a task to complete.

To set the context for much of what follows, watch the short introductory video below: 📌 The content below incorporates text with permission from the People for Education website. The People for Education is a registered Canadian charity. Its mission is “to strengthen a universal public education system that graduates all young people with the skills and competencies they need to contribute to a fair and prosperous society, and to live happy, healthy, economically secure, civically engaged lives.” The Ministry of Education is responsible for overseeing all aspects of Ontario’s public and early childhood education system.

Under the Education Act, the Ministry is responsible for:

setting the provincial curriculum (i.e., what students will learn in each grade and subject)allocating funding to school boardssetting policies and guidelines for school boardsestablishing the requirements for graduation diplomas and certificatescreating lists of approved textbooks and learning resources

The Minister of Education (and the Minister Responsible for Early Years and Child Care) are elected Members of Provincial Parliament (MPP), and are appointed by the Premier. Website: Ontario Ministry of Education The Education Quality and Accountability Office (EQAO) is an independent government body that administers province-wide testing to every student in grades 3, 6, 9 and 10.

developing and administering tests in reading, writing and mathreporting test results to the Ontario Ministry of Education and the publicproviding recommendations to improve test results

Website: Education Quality and Accountability Office The Ontario College of Teachers regulates the teaching profession. It is responsible for:

establishing the requirements for a teaching certificate and setting standards for teacher training programsmaintaining a provincial register of qualified teachersinvestigating complaints against teachers

Website: Ontario College of Teachers 📌 The Ontario College of Teachers will be introduced in greater detail next week. There are 72 school boards in Ontario, including 31 English public boards, 29 English Catholic boards, 4 French public boards, and 8 French Catholic boards.

deciding how to spend the funds they receive from the province (for expenditures such as hiring teachers and other staff, building and maintaining schools, and purchasing school supplies)establishing an annual balanced budget for the school boarddeciding to close schools or build new schoolscoordinating programs in schools such as special education, supports for new Canadians, and French Immersion programsdeveloping local education policy (e.g., safe school programs and literacy programs)ensuring schools follow the rules set out in the Education Actestablishing a School Council at each school and a Parent Involvement Committee for the school board

Website: Ontario Public School Boards Association 📌 There are four types of school boards in Ontario. Under section 93 of the Canadian Constitution, Roman Catholics have the right to a publicly funded separate denominational school system, and French-speaking families have the right to attend French-language schools.

French-language education serves students whose parents are “French-language rights-holders,” according to the Canadian Charter of Rights and Freedoms, or who qualify under school boards’ admissions guidelines. In French-language schools, all of the business of the school is conducted in French, including parent-teacher interviews and school council meetings.

Students learn the same overall curriculum as their English-language counterparts, but the curriculum is taught exclusively in French. Schools in the French-language system have a mandate that reaches beyond teaching academic subjects. These schools – because they serve minority-language parents and communities – have the added responsibility of supporting the vitality of the language and culture of the families and communities they serve.

1. Depending on their language, religious background, or choice, students can attend English Public, English Catholic, French Public, or French Catholic schools.
2. School trustees are elected to each school board during municipal elections.
3. They serve as the locally elected representatives of the public and parents.

School trustees receive an annual honorarium that ranges from $6,000 to $26,000. School trustees are responsible for:

establishing a school board’s mission, vision, values, goals and climatedeveloping multi-year school board plans which endeavour to achieve the school board’s goalsconsulting with parents, students and supporters of the school board on the school board plan and bringing feedback to the attention of the school boardensuring conditions in the school board promote student achievement and well-beingensuring effective stewardship of the school board’s budget and resourcesmaking decisions about policy direction. (Overall policy decisions are made by the trustees with input from the community, and based on the advice of school board staff. Day-to-day decisions are left to school board staff.)participating in decisions that benefit the entire school board and upholding the resolutions of the school boardhiring and reviewing the performance of the school board’s director of educationparticipating in committees, such as the Special Education Advisory Committee and the Parent Involvement Committee, and participating in quasi-judicial committees such as those responsible for suspensions and expulsions and special education appeals

Website: Ontario School Trustees and Ontario Catholic School Trustees Association Recommended Reading: School Board Trustees – Who are they? Why are they important? In preparation for your seminar this week, write out an answer to the following question.

1. Your TA may call on you to share your answer in the seminar: Q4.2: Imagine your are running for election as a school trustee for the school board you graduated from.
2. List three election platform commitments you would promise to voters.
3. Answer Length: 100 – 150 words | Format: Point Form) Potential Seminar Question 📌 Student trustees represent the interests of students at school board meetings.

They are elected by their fellow students and play an active role in the decision-making process at the school board. Website: Ontario Student Trustees’ Association The Director of Education is the Chief Executive Officer for a school board. The director is appointed by the school trustees.

The director is responsible for overseeing the operations of the school board, including the management of business services, improvement of student academic performance, and the operation and maintenance of school buildings. Website: Council of Ontario Directors of Education School superintendents (otherwise known as “supervisory officers”) are school board staff who are responsible for groups of schools in each school board.

Superintendents may be involved in suspension appeals, special education meetings, and requests to attend a school other than the home school, among other responsibilities. Superintendents may also be assigned by the school board to oversee board-wide programs (e.g., a Superintendent for Special Education).

• Website: Ontario Public Supervisory Officers’ Association 📌 Parent Involvement Committees (PICs) are board-level committees that help school boards work more effectively with parents.
• Members include parents (they must make up the majority), the Director of Education and one or more school trustees.

Parent Involvement Committees are responsible for:

providing information and advice on parent engagement to the school boardcommunicating with and supporting school councilsorganizing activities to help parents support their children’s learning at home and at school.

Principals are responsible for the management of individual schools. They may have one or more vice-principals assigned to help them. Principals are responsible for:

overseeing the teaching and curriculum in the school and making decisions about their school’s School Improvement Plansupervising teachers and other staffadmitting students and making decisions about special education placementsadministering the school’s budget and ensuring the school building is well maintainedmaking decisions about the allocation of specialized staff, such as department heads, arts specialists, and school library staffmaintaining student records and ensuring report cards are distributed to parentsoverseeing student discipline and making decisions about suspensions and recommendations for possible expulsionsworking with the school council to encourage parent involvement, assist in decisions about fundraising, and develop new policies related to protocols (e.g., the school’s Code of Conduct)

Websites: Ontario Principals’ Council and Catholic Principals’ Council of Ontario In preparation for your seminar this week, write out an answer to the following question. Your TA may call on you to share your answer in the seminar: Q4.3: Speaking from the perspective of an elementary and/or high school teacher OR an elementary and/or high school student, what five personal and/or professional qualities make for the ideal school principal? (Answer Length: 75 – 125 words | Format: Point Form) Potential Seminar Question School councils provide advice to the principal and school board.

1. Every school must have a school council.
2. Members include: parents, the principal, a teacher, a student (in secondary schools), a non-teaching staff member, and a community representative.
3. The majority of members must be parents and the chair must be a parent.
4. Principals do not vote on school council decisions.

School councils are governed by Ontario Regulation 612, Under Section 2(1), the purpose of the school council is “through the active participation of parents, to improve pupil achievement and to enhance the accountability of the education system to parents.” School councils are responsible for:

sharing information with parents and the community, and seeking their input on matters the school council is discussingproviding advice to the principal and school board on topics, such as: school year calendars, strategies to improve school performance, codes of conduct and dress, curriculum priorities, safe arrival programs, community use of schools and community programs provided at the school, selection criteria for principals, and school board policies that will affect the school

Many school councils are also actively involved in organizing social events for the school community and fundraising. School council meetings are open to everyone in the community. You do not have to be a member of the school council to attend. Website: n/a Recommended Reading: School Councils: A Guide for Members 📌 Most high schools in Ontario have a student council,
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What is the role of teachers as stakeholders in education?

Stakeholders in my school – DbarrettPortfolio Stakeholders are : teachers, students, parents, community personnels, business people, donors, board members and Ministry of Education. School boards – deal with governance of the school. They are the guardians of the policy that help implement changes that will benefit the region or support the principal who has the responsibility of implementing and maintaining the policies set by the board,

1. According to Darden (2008), the school board has to take in legal considerations when making decisions pertaining to policy governing them (Waters 2011).
2. Teachers- The teacher, along with the student, plays an interactive role in the education process because one cannot function without the other.
3. The empowerment of teachers will facilitate the empowerment of students (Short and Greer, 2002).” Teacher empowerment takes the form of providing teachers with a significant role in decisions making, control over their work environment and conditions, and opportunities to serve in a range of professional roles (Short and Greer, 2002).

The teacher as a stakeholder is expected to possess the professional knowledge to lead the students in instruction. In addition to serving in an instructional role the teacher can be a mentor, supervisor, counselor, and community leader. The teacher can be a mentor to students or other teachers.

The role of supervisor is present in every aspect of a teacher’s daily responsibilities. The teacher’s role as counselor can be used to offer advice to students or school advisory committees (waters 2011). Parents,- Parents play key roles as educational stakeholders. Parents’ primary objective is the assurance that their children will receive a quality education, which will enable the children to lead productive rewarding lives as adults in a global society.

Parents as educational stakeholders provide additional resources for the school to assist with student achievement and to enhance a sense of community pride and commitment, which may be influential in the overall success of the school (Water 2011). Students – The student plays the lead role in the educational process and as stakeholders are expected to participate in the process.

• Although the student’s primary role is that of a recipient, students should be encouraged to exercise their decision-making role in the education process.
• By giving aid to the decision-making process students become an integral part of a successful institution.
• As a result of their participation students gain the skills and knowledge needed to be productive and viable part of our society.

Students as stakeholders possess both intrinsic and extrinsic motivational factors. The intrinsic motivation comes with understanding the value of an education. Extrinsic motivations are the accolades students receive for successful completing their education (waters 2011).

Ministry of Education: sets the strategic direction of the school, collaborate with schools to formulate effective policies and practices, works in tandem with schools to inform and clarify policy positions to the public, and Supports teachers in helping their students achieve the Desired Outcomes of Education and Collaborates with other government agencies and non-governmental organizations to formulate effective programmes and practices. Community : up holds and transmits the right values and attitudes to our young, recognizes the variety of abilities and talents displayed by our young and sees the worth in each child, offers scholarships and bursaries to students and teachers, provides support to families and students who are in need of assistance (stakeholders in Education 2013) Business community Provides opportunities for the young to experience the world of work, Collaborates with schools to formulate effective programmes for the young such as offering work related projects, Supports placement opportunities for the professional development of teachers, and offers scholarships and bursaries to students and teachers (stakeholders in Education 2013). Stakeholders in Education (2014) Retrieve from

Donors These are business people, agencies and institutions that give support to schools in cash or kinds Reference: Waters, E., (2011) The roles of educational stakeholders and influencing factors Retrieved from http://voices.yahoo.com/the-roles-educational-stakeholders-influencing-10343743.html Reflection Being knowledgeable of the various stakeholders and their roles I am ready for the work environment.

I am able learn more about my work as teacher and the teaching profession. In reflecting I was able to conclude that each stakeholder must carry out their role effectively for the school to move forward and accomplish change in the school. Therefore I alone cannot creat change I need the input of the various stakeholders.

As stakeholders of the school we need to work together a good work environment. If there are stakeholders that are contributing to trends that unhealthy this will impact negatively on the environment. The roles of various stakeholder has help to understand why my workplace has a particular and why the school as response to certain forces and trends of society to move period of change.

1. Also as stakeholders we are seen as agents of change as we work with young minds and have responsibility to mole and shape these minds so that they can become useful citizens of society.
2. As teachers in school I use change to guard against professional stagnancy by keep abreast of changes and update trends in education.

This is also one reason why I am also student in this course. : Stakeholders in my school – DbarrettPortfolio
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How are parents stakeholders in education?

Yes, parents are the primary stakeholder in their child’s education U.S. Secretary of Education Miguel Cardona recently refused to refer to parents as the “primary stakeholders” in their child’s education. At a recent before the Senate Committee on Health, Education, Labor and Pensions, Cardona fielded the question from Sen.

Mike Braun, a Republican from Indiana. “Do you think parents should be in charge of their child’s education as the primary stakeholder?” Braun asked Cardona. He couldn’t say yes. Instead, Cardona responded with, “I believe parents are important stakeholders, but I also believe educators have a role in determining educational programming.” In a political setting, a political official gave a political response.

Basically saying, yes parents are important, but other people are too. And he didn’t want to spend much time elevating the importance of parents. But the question wasn’t who is involved in a child’s education. For any child educated outside of the home, teachers, principals, administrators, coaches, etc.

1. Will certainly play a role in the education of a child.
2. No one is denying that, or even questioning that.
3. But the ideas centers around who is, and who should be, the primary stakeholder.
4. And the answer is the parent.
5. They bear the responsibility in raising their children, in nurturing their children, and in being the spokesperson and advocate for their child’s education.

That shouldn’t be controversial. : Yes, parents are the primary stakeholder in their child’s education
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What are the 9 stakeholders?

Stakeholder theory – Post, Preston, Sachs (2002), use the following definition of the term “stakeholder”: “A person, group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’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.
• Not all stakeholders are equal.
• A company’s customers are entitled to fair trading practices but they are not entitled to the same consideration as the company’s employees.

The stakeholders in a corporation are the individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities, and that are therefore its potential beneficiaries and/or risk bearers.” This definition differs from the older definition of the term stakeholder in Stakeholder theory (Freeman, 1983) that also includes competitors as stakeholders of a corporation.

1. Robert Allen Phillips provides a moral foundation for stakeholder theory in Stakeholder Theory and Organizational Ethics,
2. There he defends a “principle of stakeholder fairness” based on the work of John Rawls, as well as a distinction between normative and derivative legitimate stakeholders.
3. Real stakeholders, labelled stakeholders: genuine stakeholders with a legitimate stake, the loyal partners who strive for mutual benefits.

Stake owners own and deserve a stake in the firm. Stakeholder reciprocity could be an innovative criterion in the corporate governance debate as to who should be accorded representation on the board. Corporate social responsibility should imply a corporate stakeholder responsibility.
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What are the 5 internal stakeholders?

Main Body Adrienne Watt; Merrie Barron; Andrew Barron; Erin Palmer; and Jose Solera Click play on the following audio player to listen along as you read this section. A project is successful when it achieves its objectives and meets or exceeds the expectations of the stake­holders.

• But who are the stakeholders? Stakeholders are individuals who either care about or have a vested interest in your project.
• They are the people who are actively involved with the work of the project or have something to either gain or lose as a result of the project.
• When you manage a project to add lanes to a highway, motorists are stakeholders who are positively affected.

However, you negatively affect residents who live near the highway during your project (with construction noise) and after your project with far-reaching implications (increased traffic noise and pollution). NOTE: Key stakeholders can make or break the success of a project.

Even if all the deliverables are met and the objectives are satisfied, if your key stakeholders aren’t happy, nobody’s happy. The project sponsor, generally an executive in the organization with the authority to assign resources and enforce decisions regarding the project, is a stakeholder. The customer, subcontractors, suppliers, and some­times even the government are stakeholders.

The project manager, project team members, and the managers from other departments in the organization are stakeholders as well. It’s important to identify all the stakeholders in your project upfront. Leaving out important stakeholders or their department’s function and not discovering the error until well into the project could be a project killer.

Figure 5.1 shows a sample of the project environment featuring the different kinds of stakeholders involved on a typical project. A study of this diagram confronts us with a couple of interesting facts. First, the number of stakeholders that project managers must deal with ensures that they will have a complex job guiding their project through the lifecycle.

Problems with any of these members can derail the project. Second, the diagram shows that project managers have to deal with people external to the organization as well as the internal environment, certainly more complex than what a manager in an internal environment faces. Figure 5.1: Project stakeholders. In a project, there are both internal and external stakeholders. Internal stakeholders may include top management, project team members, your manager, peers, resource manager, and internal customers. External stakeholders may include external customers, government, contractors and subcontractors, and suppliers.
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Who is the most powerful stakeholder?

Why Stakeholders Are Important –

Shareholders/owners are the most important stakeholders as they control the business. If they are unhappy than they can sack its directors or managers, or even sell the business to someone else. No business can ignore its customers. If it can’t sell its products, it won’t make a profit and will go bankrupt. If a business doesn’t keep its employees happy, it may become unproductive. It won’t work to its full potential and so its profits may suffer. A business may not mind being unpopular in the local community if it sells its products to a wider area.

: GCSE Business Studies/Stakeholders – Wikibooks, open books for an open world
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Who is the most powerful stakeholder?

Why Stakeholders Are Important –

Shareholders/owners are the most important stakeholders as they control the business. If they are unhappy than they can sack its directors or managers, or even sell the business to someone else. No business can ignore its customers. If it can’t sell its products, it won’t make a profit and will go bankrupt. If a business doesn’t keep its employees happy, it may become unproductive. It won’t work to its full potential and so its profits may suffer. A business may not mind being unpopular in the local community if it sells its products to a wider area.

: GCSE Business Studies/Stakeholders – Wikibooks, open books for an open world
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Who is the most influential stakeholder?

Research reveals the most important stakeholder group of organizations are employees – who come ahead of customers, suppliers, community groups, and especially far ahead of shareholders. A stakeholder is any person, group or organization who can place a claim on an organization’s attention, resources or output, or is affected by that output.

• They have a stake in the organization, something at risk, and therefore something to gain or lose as a result of corporate activity.
• For his PhD research, Professor Nigel de Bussy, head of the business school at Curtin University in Western Australia, conducted a national study to identify the stakeholders who have the most impact on corporate financial performance.

He surveyed financial managers of 626 companies, employing 100 employees or more, to investigate which stakeholder groups were the most important for developing positive relationships. Respondents contacted for the research were chief financial officers because they were considered to be best positioned to comment on their organization’s financial performance.
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