False. Stakeholder registries are created as a result of the outcomes of the stakeholder management approach.
A party that has an interest in a business and can affect or be affected by it is called an interested party. Investors, employees, clients, and suppliers make up the main components of a typical corporation. This idea has now been expanded to include communities, governments and business groups due to the growing focus on corporate social responsibility.
A corporation's operations and performance can either benefit or harm stakeholders because they have a vested interest in them. Typical stakeholders are investors, employees, clients, suppliers, community members, government bodies or trade groups. Among the several groups of stakeholders that businesses must consider are others besides shareholders. In certain circumstances, the general public could be considered an interested party.
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