Answer :

First of all let us define Share holder’s wealth . It is  present value of the expected future returns to the owners  of the firm. And we take these return from periodic dividend payments and/or proceeds from the sale of the stock shareholder wealth is superior and healthier goal then profit maximization because in profit maximization there is lack of long-term perspective .The consequences  of these extending beyond a particular time. Other objective are short term

stakeholders can be defined as a person ,group or organization that  has interest or concern in the organization .Organizations focus on both shareholder wealth and stakeholders can affect or be affected by the company’s working. shareholder wealth and stakeholders Both are important because on one hand business must be profitable and to survive in the competition and earn higher return on share holders equity  on the other hand company are network of parties and people working together  towards share goal .In order to make people  work hard for business interest, a level of trust and satisfaction to both of them should be built with them .That is why company must focus in both shareholder wealth and stakeholders