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The role of stakeholders is really determined by the company itself. A stakeholder has some interest, usually financial in the company. Some companies use this to their advantage thinking that those with money at risk are most likely to have the best interest of the company at heart. You see this in small business and some large business every day as the owner and others invested in the business make strategic decisions. Other companies decided that management knows best and managers appointed by the board of directors make the decisions on behalf of the stakeholders as in most large companies.

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15y ago

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