Compare and contrast potential conflicts of interest that may exist between duties of loyalty owed to an internal stakeholder vs. an external stakeholder.© BrainMass Inc. brainmass.com October 2, 2020, 3:11 am ad1c9bdddf
Internal stakeholders are comprised of those that work inside the organization, namely employees, other members of management, and the board of directors. The external stakeholders include creditors, investors, and customers. The main goal of loyalty to the internal stakeholders is to make financial and managerial decisions that are profitable for the company and that give back to the internal stakeholders, including good compensation, increased benefits, and other options where loyalty is shown through various incentives. The main goal of being profitable for the ...
The solution compares and contrasts potential conflicts of interest that may exist between duties of loyalty owed to an internal stakeholder vs. an external stakeholder.