Stakeholders

Question : who are the stakeholders of a company and why must we normally protect public interest?

Stakeholders are the person or a party that has an interest in, or affected by, activities of an organisation or a party. The primary stakeholders of a company are customers, investor, employees and suppliers.

i. Customer who can be known as purchaser, client or buyer is the recipient for the goods and services from the company or a supplier for a monetary or other valuable consideration.

ii. An investor is a person who will allocate capital into the selected company with the expectation of gaining a financial return from the company they had invest.

iii. An employee is a person who is being hired by the company to contributes labor and expertise on a specific duties. They need to provide services to a company on regular basis in exchange for compensation/salary.

iv. Supplier is a party that supplies goods or services to another company which is also called as a vendor.

Public interest is a welfare of the company or a firm in which the whole society has a stake and which warrants recognition, protection and promotion by the government and also by its agencies. All public listed company will have public interest towards their company

“Public” in public interest refer as all members of the community meanwhile “interest” refer as the interest which will give any benefits to a person (or a group) welfare whether it is economic or non economic. This definition of “interest” is consist with the code of the professional conduct. Thus, public interest can be define as the welfare of the company or a firm in which the whole society has a stake and which warrants protection, recognition and promotion by the government and also by its agencies. All public listed company will have public interest towards their company.

The reason why we must normally protect public interest is to secure our company values, price of...