Professor Peter Sebhatu
1. No. The ability to act with rectitude, to refer their policies and plans to a culture of ethics that embraces the most fundamental moral principles of humankind, which serves to legitimize the maximization of shareholder wealth. 2. Yes. These resources may be both tangible and intangible. Shareholders, for ex- ample, supply capital; suppliers offer material resources or intangible knowledge; employees and managers grant expertise, leadership, and commitment; customers generate revenue and provide loyalty and positive word-of-mouth promotion; local communities provide infrastructure; and the media transmits positive corporate images. When individual stakeholders share similar expectations about desirable business conduct, they may choose to establish or join formal communities that are dedicated to better defining and advocating these values and expectations
3. No. Employees, shareholders, customers, and suppliers as primary stakeholders, with the media and various special interest groups classified as secondary stakeholders. Investors political groups, customers, employees, trade associations, suppliers, and governments. Others include entities such as community and the general public. A stakeholder approach encourages corporate executives to include external and internal groups and individuals, or stakeholders who value the goals and interests of the organization, in managerial decision-making processes.