Question

How does Phillips identify derivative stakeholders?

A) Those with minimal influence on corporate decisions
B) Entities to whom the organization owes an obligation
C) Groups that benefit from the corporation's actions
D) Stakeholders lacking legal representation

Answer 1

Derivative stakeholders, according to Phillips, are groups that benefit from the corporation's actions. They include individuals or organizations affected by the company's operations, such as employees, customers, shareholders, and communities.

Step-by-step explanation:

According to Phillips, derivative stakeholders are defined as groups that benefit from the corporation's actions. These stakeholders include individuals or organizations who have an interest or are affected by the company's operations, such as employees, customers, shareholders, and communities. Unlike shareholders, derivative stakeholders do not necessarily have a legal or financial stake in the corporation, but they are impacted by its actions and can benefit from its success.