These processes [of governance] are supported by stakeholder engagement, which helps to ensure Vodafone is aware of
Question:
These processes [of governance] are supported by stakeholder engagement, which helps to ensure Vodafone is aware of the issues relevant to the business and to provide a clear understanding of expectations of performance. Stakeholder consultations take place with customers, investors, employees, suppliers, the communities where the Group operates and where networks are based, governments, regulators and non-governmental organisations. Established in 2007, the Vodafone Corporate Responsibility Expert Advisory Panel comprises opinion leaders who are experts on CR issues important to Vodafone. The Panel met twice during the 2009 financial year and discussed the results of research on the socio-economic impact of mobile communications in India, climate change, the limits of Vodafone’s responsibility and embedding business principles into company culture. In addition, the Group has continued to hold formal stakeholder engagement events, this year focused on climate change and mobile advertising. The Group has also published a CR dialogue on waste.
Discussion points
1 How does the company engage with stakeholders?
2 How would the ‘performance’ information be viewed by different stakeholders?
Step by Step Answer:
Financial And Management Accounting An Introduction
ISBN: 9789332511200
5th Edition
Authors: Pauline Weetman