In a recent board meeting, the chairman of RTY commented that too much attention was being given to satisfying the interests of the community and the environment he reminded the board members that the only aim of the RTY Company was to provide for the needs of the shareholders. The other so-called 'stakeholders' were important to the company, but only insofar as RTY needed those stakeholders, RTY could affect the stakeholders; they could not affect or be allowed to affect RTY. Required: co Towog b) Explain the concept of 'stakeholder theory' and discuss whether the chairman's views are correct in the context of this theory. Include in your answer examples of stakeholders of the RTY Company (14 marks)