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Some people believe that shareholders run the business and it works by itself. However, this is not true. Most firms are affected by a number of factors such as customers, employers, suppliers, creditors and local community which are known as stakeholder groups. Shareholders are interested in the way a company operates and performs. Shareholders are the people who own the company and share the profit. Managers and directors ought to work on behalf of shareholders. The main motivating factor of any company proprietor is simply to make money. Therefore the conflict could exist between the desire to make money and the provision of a service to the customers and other stakeholders. The issue is that whether manager's responsibility should be to shareholders alone or should they also regard the stakeholders' wants. Firstly, there is the shareholder concept. Shareholders employ managers and directors to run the company. As the...

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