Connected stakeholder
A connected stakeholder has a direct economic or contractual relationship with the organisation in the common three-way internal–connected–external classification. Typical groups include customers, suppliers, lenders and owners who are not part of its workforce. Their claims can concern price, payment, returns or service. A separate two-way internal–external model can describe these same outside parties as external, so the terminology must be interpreted in context.
Worked example
A supplier depends on timely payment for goods sold to a company. It is connected in the three-way classification and outside the organisation in a two-way classification.
Common mistake
Do not equate connected with legally related party under financial-reporting standards or classify an independent supplier as internal merely because the relationship is close.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | BT | Direct | September 2026–June 2027 |
| FIA | FBT | Direct | September 2026–June 2027 |