The Importance of Stakeholder Engagement
Namhla Saba
15 years: Chartered Accountant & ESG Specialist
Want to avoid a huge PR debacle? Engaging with your stakeholders is a good start. Join Namhla Saba as she explores what stakeholder engagement is and why it matters.
Want to avoid a huge PR debacle? Engaging with your stakeholders is a good start. Join Namhla Saba as she explores what stakeholder engagement is and why it matters.
The Importance of Stakeholder Engagement
15 mins 3 secs
Key learning objectives:
Define stakeholder
Define inclusive stakeholder engagement
Understand why listening is important for governance
Overview:
Knowing your stakeholders, their expectations, and the risks they come with is crucial to help you prevent a financial disaster. A lack of knowledge can lead you into a company-destroying scandal. The Global Reporting Initiative defines a stakeholder as "an entity or individual that can reasonably be expected to be significantly affected by the reporting organisation's activities, products, or services or whose actions can reasonably be expected to impact the ability of the organisation to implement its strategies or achieve its objectives.” Inclusive stakeholder engagement can be defined as an organisation's systemic process to collect primary data through engagement, to build and maintain symbiotic relationships between itself and its stakeholders.
Namhla Saba
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