Who are considered stakeholders in a corporation?

Stakeholders in a corporation encompass a broad range of individuals and groups who are impacted by or have an interest in the decisions and activities of the business. This includes not just shareholders who invest financially in the company, but also employees, customers, suppliers, government entities, the local community, and even the environment. Each of these groups can be affected by the corporation's actions, whether through employment opportunities, product offerings, environmental impacts, or economic contributions.

By focusing on the diverse groups affected by corporate decisions, this choice highlights the complexity of corporate responsibility and the need for companies to consider the wider implications of their actions beyond just financial outcomes. This broader perspective is increasingly important in the context of corporate governance and ethics, where understanding and addressing stakeholder interests can drive sustainable business practices and long-term success.