The role of stakeholders in corporate governance: theoretical approach

Abstract

The aim of this paper is to analyse and evaluate the role of stakeholders in corporate governance from a theoretical perspective. To achieve this goal, the following tasks have been raised: what theories and different approaches emphasize the relationship between stakeholders and the organization (analysis of the theoretical aspects of the stakeholder concept); how stakeholders influence corporate governance decisions (assessment of the external environmental impact on corporate governance); what are the key factors that influence stakeholder action (stakeholders’ role in an organization decision-making process).