Maximizing stockholder wealth is the paramount guiding factor for the financial manager.
In a corporation, a stakeholder is a member of "organizations with out whose aid the company could cease to exist", as described in the first utilization of the phrase in a 1963 internal memorandum on the Stanford studies Institute. The principle was later evolved and championed by R. Edward Freeman inside the 1980s.
They can get involved within the decision-making manner and have an impact on the enterprise's moves in a way that is beneficial to the project management group.
A stakeholder can be a extensive type of humans impacted or invested inside the project. for instance, a stakeholder can be the proprietor or even the shareholder. but stakeholders also can be employees, bondholders, clients, suppliers and vendors. A shareholder may be a stakeholder.
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