Stakeholder (law): Difference between revisions

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*The traditionalterm usage'''stakeholder''', as traditionally used in the English language in [[law]] and notably [[gambling]], is a third party who temporarily holds [[money]] or [[Property (ownership right)|property]] while its owner is still being determined.

The term ''stakeholder'' has two distinct uses in the English language:

*More recently a very different meaning of the term has become widely used in [[management]]. A "[[stakeholder (corporate)|stakeholder]]" is a person or organization that has a legitimate interest in a project or entity. The new use of the term arose together with and due to the spread of [[corporate social responsibility]] ideas, but there are also utilitarian and traditional business goals that are served by the new meaning of the term (see [[Stakeholder concept |stakeholder concept(corporate)]] and below).

*The traditional usage, in [[law]] and notably [[gambling]], a third party who temporarily holds [[money]] or [[Property (ownership right)|property]] while its owner is still being determined.

*More recently a very different meaning of the term has become widely used in [[management]]. This sees a ''stakeholder'' as a person or organization that has a legitimate interest in a project or entity.

The new use of the term arose together with and due to the spread of [[corporate social responsibility]] ideas, but there are also utilitarian and traditional business goals that are served by the new meaning of the term (see [[Stakeholder concept |stakeholder concept]] and below).

== In law ==