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| Topic: |
Business
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| Number of pages / Number of words: |
24 / 6565 |
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Detailed below are the stakeholders connected with Northern Rock:
Internal: Employees, Management.
Connected: Bank of England, HM Treasury, Customers and Supplier.
External: Central Government, Local Authorities, Professional Bodies and pressure groups.
The stakeholders influence the Northern Rock in a variety of ways...
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The most influential stakeholder is the bank of England which dictates the national interest rate which Northern Rock bases their interest rates on for borrowers and savers. The HM Treasury is another stakeholder and is responsible for generating and executing the governments’ financial and economic policy, which results in new and amended legislation which Northern Rock must adhere to regarding the financial services they offer and how specific operations are undertaken within the bank...
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