Interested parties (2024)

The assignment of stakeholders according to their relevance depends primarily on the field of activity of your company. For example, a manufacturing chemical company with an environmental management system in accordance with ISO 14001 will in part define different criteria for the relevance of interested parties, for example with regard to neighbors or responsible authorities, than a parcel service provider whose quality management system follows the ISO 9001 standard. There, it is rather clients, customers and employees who are in the foreground.

Interested parties in ISO standards

With the changeover to the common basic structure (High Level Structure, HLS) from 2012, requirements for dealing with interested parties have gradually found their way into all major ISO management system standards. At the latest with the major revision of the ISO 9001 and ISO 14001 standards in 2015, the term became familiar to a wide range of users.

Notes on documentation

If the general manager of a small operation doesn't need records to identify theirrelevant interested parties, that's believable. But if he or she decides to certify his management system, there is a documentation requirement. This is the case, for example, as soon as interested parties find their way into the management assessment in the form of customer feedback.

So it is not only for large companies and corporations that it makes sense to create a matrix in which the identified interested parties, their contact data, their expectations and the relevance assigned to them are entered. Management system standards require that this information be monitored and reviewed.

In principle, however, it is advisable to create written records, for example with the aid of a matrix, with all the necessary information. In the case of particularly relevant stakeholders, this should be done with the involvement of the relevant interested parties. This is usually not useless work, because the records are needed at the latest as input for the management evaluation anyway.

Interested parties (2024)

FAQs

What does to interested parties mean? ›

interested party. any of the people or organizations who may be affected by a situation, or who are hoping to make money out of a situation: Employees, suppliers, customers, and other interested parties are anxiously awaiting news about the takeover bid.

What are interested parties and their requirements examples? ›

Interested parties are those who have an effect on your organization's ability to provide products and services that meet customers' requirements. Examples are customers, employees, governmental organizations, and shareholders. However, there may be many other interested parties, too.

What is an example of an interested party? ›

Some examples of interested parties may include shareholders/owners of the organisation, employees, clients, suppliers and all legal entities relevant to the organisation. Through identifying these interested parties we will have a better understanding of who the organisation is catering for.

What is your understanding of interested parties? ›

First of all, what is an interested party? The globally recognized standard for principles and terms in quality management ISO 9000 provides the following definition: "Person or organization that may influence, be influenced by, or feel influenced by a decision or activity."

What does interested parties mean in a will? ›

In the event of a will contest, an interested party is anyone with a direct financial or legal stake or interest in the outcome of the dispute. Interested parties may stand to gain or lose something depending on the outcome of the will contest. Examples of interested parties include: The original beneficiaries.

Why are interested parties important? ›

Interested Parties are those stakeholders who receive your products or services, who may be impacted by them, or those parties who may otherwise have a significant interest in your organization.

How do you identify interested parties? ›

Try using brainstorming techniques to identify relevant external and internal interested parties, e.g. customers, partners, end users, external providers, owners, shareholders, employees, trade unions, government agencies, regulatory authorities, local community.

What do you call an interested party? ›

An interested party is also sometimes called an "additional interest" or "third-party designee." Being named as an interested party doesn't allow your landlord to make a claim on or changes to your insurance.

What is an interested party statement? ›

What are interested party statements? Interested party statements are copies of another individual's account statements that the account owner has authorized you to receive.

What can an interested party do? ›

All of that confusion aside, an interested party is really just a person or group (like your landlord, their outside manager, or a property management company) that gets an update whenever you cancel, renew, or make changes to your policy.

What is the role of an interested party? ›

Interested parties and their role in settlement

An interested party is a person that is directly affected by a claim (CPR r. 51.1(f) and 54.23; JR Guide para 3.2. 3.1.) Once served with proceedings, a person directly affected by the claim becomes a “party” and gains rights.

What is interested party concern? ›

The concern of that interested party is about the products that are fit for purpose. And in other standards, such as ISO 26000 for sustainable development, you may initiate a formal survey to collect consumers' needs and expectations while implementing that standard.

What is the meaning of party in interest? ›

A real party in interest is the person or entity who has the right to bring suit even though someone else would ultimately benefit from the suit if it is successful.

What does it mean to be an interested party in a court case? ›

(d) As used in this section, the term “interested party” includes the defendant and any transferee of proceeds due the defendant under the contract, the person with whom the defendant has contracted, and any person physically harmed as a result of the offense for which the defendant has been convicted.

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