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They’re the most obvious stakeholder… the regulation is going to directly affect them.


No, the public at large are the stakeholders. The enterprise is the subject of the regulation.


"Stakeholder" literally means someone with a stake in the outcome, which is to say, those who will be affected by the decision. That can include a whole range of people+entities, including citizens (as a group) and the companies to be regulated.


[flagged]


Several people on this thread have aliased the terms "stakeholder" and "protagonist".




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