QUESTION
It is generally recognised that power is an essential component of accountability and that greater accountability is recognised towards those stakeholders who have more power
Required-
(a) Briefly explain the concept of accountability
(b) What are stakeholders? Identify four groups of stakeholders and discuss their potential interest in socially and environmentally related information
(c) By virtue of their power discuss how stakeholders can exert significant influence on an organization
(d) Companies are increasingly engaged with stakeholders in a positive and structured way to determine their needs. Effective stakeholder engagement is dependent on reliable information. Explain stakeholder engagement and describe its benefits and limitations