“…During the twentieth Century, stakeholder theory was the focus of many studies (Agle et al, 1999;Donaldson & Preston, 1995;Greenley & Foxall, 1997;Mitchell et al, 1997;Savage et al, 1991;Rossetto, 1998;Rossetto, Cunha, & Orssatto, 1997), as well as in the twenty-first Century (Agle et al, 2008;Boaventura et al, 2009;Brower & Mahajan, 2013;Duesing, 2009;Gomes & Gomes, 2007;Freeman, Harrison, Wicks, Parmar, and Colle, 2010;Lyra et al, 2009;Pavão, Dalfovo, Escobar, & Rossetto, 2012;Phillips, Freeman, & Wicks, 2003;Velamuri & Venkataraman, 2005;Verbeck & Tung, 2013, among others). These studies always use Freeman (1984) as an analytical foundation.. Savage et al (1991) explain that often in the management of stakeholders, their interests are ignored, and therefore their potential for cooperation may be overlooked or not considered.…”