Stakeholder

How it is used

One of the most used words in management. Project managers identify, consult, update and manage stakeholders, and key stakeholders are the most important ones. Turkish offices often use the English word, while the formal term is paydaş.

Example sentences

1. Before we change the process, let's talk to all the stakeholders involved.

2. The finance director is a key stakeholder, so keep her updated every week.

Common collocations

• key stakeholders
• stakeholder management
• engage stakeholders
• keep stakeholders informed
• internal stakeholders

Related terms

• shareholderA person or organisation that owns shares in a company, and therefore part of it, usually with the right to vote at general meetings and to receive dividends.
• buy-inReal agreement with and support for a plan or decision from the people it affects, so that they actively help to make it work.
• corporate governanceThe system of rules, practices and controls by which a company is directed and supervised, especially the relationship between the board, the managers and the shareholders.
• ESGShort for environmental, social and governance: three groups of factors used to judge how responsibly a company operates, beyond its financial results.
• transparencyThe practice of sharing information openly and honestly, so that employees, shareholders or the public can see how decisions are made and how the organisation is doing.

This word in other fields

The same English word can have a different meaning in another field:

• stakeholder · Software Engineering
• stakeholder · Data Science & Analytics
• stakeholder · UX/UI Design
• stakeholder · Product Management
• stakeholder · Healthcare Management
• stakeholder · Business English
• stakeholder · Project Management
• stakeholder · Public Administration

More terms: Corporate Governance

• board of directors
• compliance
• non-executive director
• conflict of interest
• code of conduct
• succession planning
• fiduciary duty