ADM 1301 Chapter 3: 09.20.15 (ch. 3) pdf
25 Feb 2016
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Owners: those who have invested in the form of shares. Directors: elected by shareholders to represent their interests, the purpose of a board of directors is to determine the corporations strategic direction, monitor and review corporations performance, and hire/ re top executives. Employees: individuals who work for the corporation, most obvious, perhaps most important stakeholders, critical for the operation of the corporation. Customers / consumers: members of the public, other corporations, or governments, source of revenue for corporation, today, instead of consumers in uencing production decisions, producers in uence/determine what consumers will purchase. Lenders and creditors: this stakeholder has substantial in uence: if the lender is not paid as agreed upon in the contract, the corporations assets can often be seized. Suppliers: other corporations that provide raw materials, parts, or nished materials. Service professionals: not employees of the corporation but provide services on a fee-for-service basis (ex. lawyers)
