Abstract

The concept of stake holding is grounded on the idea that, the organization depends on multiple constituents or stakeholders with varied interest that needs satisfaction to ensure its success and survival. Many scholars have indicated that the best deal for managers is to strive to satisfy the interests of all these stakeholders else organizations risk some stakeholders exiting the relationship. The difficulty has however remained that; most of the times with the limited resources left for organizations it becomes impossible to satisfy every stakeholder’s interest at a time, therefore organizations are torn between whose interest must be satisfied. This paper attempts a solution using occupational health and safety as the guiding principle. Findings from the study indicate that since the health and safety of employees and their quality of life addresses or aids in addressing the concerns of most stakeholders, it should become the steering wheel of the CSR concept which has become a household concept within the extractive industry and the balancing act for the stakeholder theory.

Key words: Stakeholder, health and safety, working environment, performance.