Stakeholder Management
/ˈsteɪkˌhoʊldər ˈmænɪdʒmənt/
Definitions
- (n.) The process by which an organization identifies, analyzes, and engages with parties affected by or affecting its operations, especially to manage legal, regulatory, and reputational risks.
Effective stakeholder management helps a corporation navigate complex regulatory requirements and avoid costly litigation.
Forms
- stakeholder management
Related terms
See also
Commentary
In legal contexts, stakeholder management involves anticipating the interests and potential claims of various parties, thus reducing legal exposure and enhancing dispute resolution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.