Stakeholder versus Shareholder Stakeholder theory thinks that the enterprise is a series of contracts with various stakeholders to form various stakeholder consultations‚ the outcome of a transaction‚ whether investors‚ managers‚ employees‚ customers‚ suppliers‚ or government departments‚ community‚ etc.‚ they are enterprise-specific investments and bear the risks. On the other hand‚ Shareholder theory thinks that not only the market will be sound‚ permanent‚ and viable‚ but also the ethical issues
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1 Auditing issues in Enron case Independent Needed for the Houston office of Andersen‚ an audit partner that understands the role of being a "public watchdog" with "ultimate allegiance to the creditors and shareholders" . Arthur Anderson abandoned its roles as independent auditor by turning a blind eye to improper accounting‚ including the failure to consolidate‚ failure of Enron to make $51million in proposed adjustments in 1997‚ and failure to adequately disclose the nature of transactions with
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Stakeholders Stakeholders can be defined as “anyone who has an interest in what an organisation does” (Wright‚ 2001). These stakeholders can include governments‚ investors‚ political groups‚ customers‚ communities‚ employees and suppliers. It is important to keep stakeholders satisfied and gain their support in order to run a successful event. This will be further developed in this essay‚ with further recommendations in distinguishing and managing stakeholders. Stakeholder management is the process
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Roles of stakeholders Every organisation has stakeholders. Examples of stakeholder groups (beyond stockholders) are employees‚ suppliers‚ customers‚ creditors‚ competitors‚ governments‚ and communities. They often affect the corporation‚ law and markets but actually it consists of senior management‚ managers and employees. In this assignment‚ we will discuss role of stakeholders in terms of identification of learning and development within organisation‚ what is the nature and application of the
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1. Determine at least three (3) different internal and external stakeholders that Dr. Doright might have to deal with on a daily basis at the hospital. Discuss the duty of loyalty owed to each internal and external stakeholder. (1) Shareholders: Shareholders have the right to attempt to influence the actions of management. They can do this by putting nonbinding proposals forward-called resolution-to be voted upon at annual shareholder meetings. In advance of each annual meeting‚ shareholders are
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power against stakeholders e.g. customers‚ employees‚ suppliers‚ public‚ communities”. Do you agree or disagree? Explain what you answer is and why have you reached that conclusion. You are to include a clear rational argument for your case that has strong examples to support your thinking. Unlike shareholders who are solely interested in return dividends and share price growth‚ stakeholders have wide variety of interests in how companies operate. Freeman (1984) stated that stakeholders are‚ “any
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about the mechanism that takes place in the field of Corporate Communication especially the to identify the stakeholders and the stakeholder management both in the public and private sectors‚ to understand the difference between the Identity and Image in a Corporate. Organization chosen: Vodafone’s Stakeholder management: Internal Stakeholder and External stakeholder Stakeholder Group Interaction with examples Investors Vodafone conducts regular meetings with investors through events
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Stakeholders Carrefour Group Employees as stakeholders: Carrefour is planning to become distinction from others in terms of human resources management and social responsibility in all the countries where it operates. Attracting‚ training‚ supporting and retaining loyalty while remaining open to people from a diverse range of backgrounds. The group do its best to ensure that all employees fulfill their potential and perform to the best of their abilities. Carrefour recruits 90% of its
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Enron Corporation: THE RISE AND FALL; ACCOUNTING SCANDAL Submitted To: Professor Bill Bristol Submitted By: Kenneth Rhodes‚ Jr. Metropolitan College of New York (MCNY) TABLE OF CONTENTS I. ABSTRACT...............................................................................................................................2 II. purpose and service....................................................................................................3 III. HistorY.............
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Stakeholders are a vital part of a public education campaign because they are directly involved in the issue‚ and could help find solutions to bridge the education/achievement gap in Washington DC. School officials‚ educators‚ students and parents are all stakeholders who have the responsibility of creating viable solutions to close the educational gap in Washington DC. Minority students are directly affected by the lack of programs offered to engage them and develop their education. There are many
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