Preamble:
393. A company is a multi-interest enterprise. It binds itself to contracts and can be held legally responsible for its actions. It has many stakeholders who have vital interests in its operations and results. Its operations have consequences beyond itself as they always affect, in one way or another, the community in which it carries on business, the national economy and society in general. In the governance of a company therefore, a balance has to be
maintained between the maximization of shareholder value and interests and the protection and promotion of the interests of other stakeholders.

394. A stakeholder can affect or can be affected by a company’s operations. “Stakeholder” includes shareholders, institutional investors, creditors, lenders, suppliers, customers, regulators, employees, trade unions, the media, analysts, consumers, society in general, communities, auditors and potential investors.

395. Stakeholders are the raison d’etre for corporate governance and the prime constituency of the company. The relationship between a company and its stakeholders is regulated by law and by best practice codes.

• According to the NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE