diff --git a/bip-0003.md b/bip-0003.md
index c82bd76a..2eea022c 100644
--- a/bip-0003.md
+++ b/bip-0003.md
@@ -75,7 +75,7 @@ allows any community member to retain a complete copy of the archive easily.
 The BIPs repository is not a tool to track acceptance[^acceptance], adoption, or community consensus on BIPs, beyond
 providing a brief overview of BIP statuses (see [Workflow](#workflow) below) to the audience.
 There is no formal or informal decision body that governs Bitcoin development or decides acceptance of BIPs. Bitcoin
-development emerges from the participation of shareholders across the ecosystem.
+development emerges from the participation of stakeholders across the ecosystem.
 
 ## BIP Format and Structure