Question
I need reference for this answer. (Harvard reference) O.No.2 Identify and explain the impressions that environmental, civic, financial and reporter stakeholders have of the strategy
O.No.2 Identify and explain the impressions that environmental, civic, financial and reporter stakeholders have of the strategy of the company concerned.
The company's financial reporting has raised significant doubts and concerns, with both environmental and civic stakeholders expressing reservations about the quality of the information being provided. These stakeholders have perceived a lack of substance in the reports, suggesting that the company is essentially offering theoretical data without delving into critical issues. One prominent omission has been the company's failure to disclose its sustainability strategies and its initiatives related to climate change, which are expected as per the CPA 2016 guidelines.
Civic stakeholders have further pointed out that the company's reporting seems to prioritize projecting a positive image rather than being transparent and forthright, leaving them with the impression that the company is selectively emphasizing facts that portray a favourable image without addressing genuine
concerns.
In contrast, financial stakeholders, while finding the information somewhat beneficial, have noted its repetitiveness and absence of new insights. leading them to perceive the company's reporting strategy as recycling old information.
Consequently, this approach has diminished the value of these reports for banks and financial institutions.
Identify and explain the impressions that environmental, civic, financial and reporter stakeholders have of the performance of the company concerned.
- Environmental Stakeholder Dissatisfaction: Environmental stakeholders expressed dissatisfaction because they felt their information needs were not adequately met. This led to doubt regarding the company's performance, as they believed that crucial information related to environmental and social aspects was missing. This also raised questions about whether the company adhered to the reporting requirements outlined in CPA 2016.
- Concerns of Civic Shareholders: Civic shareholders, too, were disappointed by the lack of information provided. This raised significant doubts about the company's credibility. They believed that the company did not meet the expected standards in its reporting, which in turn cast doubt on the reliability of the information presented.
- Depth of Reporting: Stakeholders perceived that the company's reports lacked depth. While the company did a good job explaining ESG (Environmental,Social, and Governance) risks, indicating compliance with environmental practices, it failed to report anything substantial about its governance practices.
This omission leaves the company's performance in terms of governance a mystery, as required by CPA 2016.
4. Investor Perspective: From the perspective of investors, particularly reporters who are highly important, there were notable gaps in risk-related information.
The absence of comprehensive risk management details could lead stakeholders to conclude that the company may not be effectively addressing risk-related
concerns.
May be 2-3 references in harvard referencing.
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