The manager's responsibility and the role of stakeholders

The first 200 words of this essay...

The manager's responsibility and the role of stakeholders

Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers. Some people think :" A manager's responsibility should be to the shareholders alone", but in my opinion manager have the responsibility to all of the stakeholders, which a group with a direct interest in the way on organization is performing and action it takes, include the firm's employees, shareholders, customers, suppliers and local community. In a company managing for value, the company's goal is to deliver value to shareholders. This does not imply that the company is managed for value to harm or exclusion of the customers, the employees, or other important consists. Manger delivers maximum profits return to the shareholders while balancing the interests of the other important constituents, including customers and employees. Manager's responsibility as a business is to define and enhance the contribution make to that shared effort. Company must work with the other stakeholders in sustainable development. Stakeholders are a diverse group, some, such as shareholders and employees have a clearly defined relationship with company. There are people with a stake in the company itself. Others have a