The roles, rights and responsibilities of stakeholders

1. Stakeholders are individuals or groups who have an interest in the success of a business, including shareholders, employees, customers, suppliers, and the community.
2. The roles of stakeholders can vary depending on their level of involvement and influence in the business, but generally include providing resources, making decisions, and receiving benefits.
3. Shareholders have the right to vote on important business decisions and receive a portion of the profits through dividends.
4. Employees have the right to fair wages, safe working conditions, and opportunities for career development.
5. Customers have the right to receive high-quality products or services and fair pricing.
6. Suppliers have the right to timely payment and fair treatment in business transactions.
7. The community has the right to a healthy environment and social responsibility from businesses operating in their area.
8. Businesses have a responsibility to consider the interests of all stakeholders when making decisions, not just the interests of shareholders.
9. Failure to consider the rights and responsibilities of stakeholders can lead to negative consequences for the business, such as loss of reputation or legal action.
10. Effective stakeholder management can lead to increased trust, loyalty, and long-term success for the business.