Identify the various stakeholders of an organisation and briefly describe each stakeholder’s objective(s) b) Describe the principal – agent relationship between the owners and managers of a company, and explain how various corporate governance mechanisms attempt to manage the agency problems (please ensure to provide a brief explanation of the agency problem)
1a) Identify the various stakeholders of an organisation and briefly describe each
stakeholder’s objective(s)
b) Describe the principal – agent relationship between the owners and managers of a
company, and explain how various corporate governance mechanisms attempt to
manage the agency problems (please ensure to provide a brief explanation of the
agency problem)
Stakeholders are individuals, groups, or entities that have an interest or concern in a particular organization, project, or endeavor and they can include employees, customers, shareholders, suppliers, government agencies, and the broader community. Identifying and engaging with stakeholders is crucial for effective decision-making, as their interests and concerns can significantly impact the entity in question.
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