ACCOUNTING STAKEHOLDER ENGAGEMENT STANDARD 2011

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  • THE ACCOUNTING STAKEHOLDER ENGAGEMENT STANDARD 2011 - suggests quality stakeholder e engagement can...
    • Allow pooling of resources to solve problems and also research objectives that can't be     researched by single organisations
      • KMTP
        • Knowledge
        • Tech
        • People
        • Money
    • Contribute to the development of TRUST-based and TRANSPARENT stakeholder relationships
      • RELATIONSHIP
    • Enable understanding of the complex operating environments
      • E.g. Market developments & Cultural dynamics
        • UNDERSTANDING
    • 1) Lead to more equitable & sustainable social development
      • Giving those who have a right tone heard, the opportunity to be considered in decision making processes
        • INVOLVEMENT
    • Enable better management of risk & reputation
      • R&R
    • INFORM, EDUCATE & INFLUENCE stakeholders to improve their decisions and actions that will have an impact on the organisation and on the society
      • IEI
    • Enable learning from stakeholders resulting in product & process improvements
      • LEARNING

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