The relevance and importance of stakeholders and their issues is known as

The relevance and significance of stakeholders and their issues is known as stakeholder materiality. Stakeholders are some business sell directly to the public that will not have retailers and a certain stakeholder may not be relevant to a particular decision or action. The stakeholders materiality is the adaptation of an accounting term to prioritize the relevance of the stakeholders and their issues to the company which is for example the issues that are priority and could come to be ripe or issues facing a firm how to be proactive. In addition, the interest of each stakeholders are:

•Stakeholders have an ownership interest they expect to receive dividends and capital appreciation.

•Customers are interested in gaining fair value and quality in goods and services they purchase.

•Public interest groups advance broad social interest.