Stakeholder Engagement is critical to building long-lasting, constructive relationships between organisations and those stakeholders potentially impacted by the activities undertaken by the company. Most companies and their boards recognise that effective engagement with key stakeholders, is a key component of long-term sustainability and business success.
The Companies (Miscellaneous Reporting) Regulations 2018 increases the requirement for both listed and unlisted companies to report on how directors have engaged with employees, how they have had regard to employee interests, and how they have taken these into account when principal decisions were taken by the company. In addition, companies must provide a summary of how the directors have had regard to the need to foster the company’s business relationships with suppliers, customers and other stakeholders during the financial year.
These add further challenges both legal and practical to implementing a satisfactory stakeholder engagement approach. Our team has over 20 years of experience of undertaking major stakeholder engagement projects and managing independent stakeholder panels. We can provide you with a range of stakeholder engagement and corporate reporting support, including:
Stakeholder Identification, mapping and prioritisation
Stakeholder engagement strategy development (short, medium and long term focus)
Development of engagement processes – employees, investors, NGO’s, suppliers, customers and other key stakeholders
Development of Key Performance Indicators (KPI’s)
Investor engagement and communication
Stakeholder engagement reporting for ARA to meet new requirements
Setting up and development of stakeholder advisory panel or board committee including advice on recruiting members, drafting of terms of reference and agenda/meeting management
Our team regularly presents to boards on developing a strategic engagement approach, the benefits, ongoing stakeholder management and reporting, including now to take account of stakeholder feedback in their decision making.
For further information on our approach and to discuss your specific requirements for stakeholder engagement please call +44 (0) 20 3053 8630 or email email@example.com