This support from the various stakeholders is essential for the company in order to ensure that business continues to exist. Stakeholders of the company are varied – they are investors, lenders, creditors, employees, managers, the environment in which the company operates, government, general public and local community. The co-operation between the multiple stakeholders is essential condition for any company to reach excellence. Stakeholders have a direct effect on the decision of the management. Even if all stakeholders are on board but the local community is against a particular project of the company; productivity is likely to be effected as local community will influence government and the employees. Companies can no longer function in isolation. Their activities are likely to have an impact on various stakeholders and it becomes their duty to keep them informed. (Idowu, 2010) Legitimacy Theory Any organisation operates in a social environment which has certain values which are acceptable and certain others which are not. Every company seeks to establish congruence between the accepted social norms and the social values associated with the company or implied by their activities. ...Show more
Social and Environmental Reporting by 6/12/2011 (a)Identify the main reasons why companies undertake social and environmental reporting and evaluate the Rolls Royce Group plc Health, Safety and Environment Report 2010 ‘Powering a better world’, against these reasons…
Social and environmental reporting are not compulsory in organizations although their disclosure has various benefits. Adams (2002: 244-245) argues that, “The main motivation for corporate social and environmental] reporting is to
The theories are, legitimacy theory, shareholders theory, and stakeholders theory (Belal, 2008, pp. 32). This paper takes a stand that it is difficult to analyze these assertions by Adams, without the use of a
The primary motivation of the corporate reporting is to enhance the image of the corporate, as well as its credibility with the stakeholders. Stakeholders include customers, employees, the society as a whole, the suppliers as well
There has always a common argument on the main motives of corporate reporting. Some economists believe that the main motive of corporate reporting, especially the social and environmental aspects is aimed at enhancing corporate image and credibility with
In order to succeed, it is import for all business organizations to ensure that they are seen to be acting in a responsible manner towards planet, people and profit. The main perspective that is taken in this nation is that
Integrated reporting is the one that connects current decisions of a corporation with future prospects (Davies and Brennan, p. 122). The information that the organization uses to make the current decisions are risk,
5 pages (1250 words)Essay
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