The Principle of Accountability and Processes of Stakeholder Engagement

Accountability is built into the fiber of publicly held corporations. Every manager quickly learns how to be accountable to those a step or two up the hierarchy. Every CEO and CFO knows how to be accountable to capital providers and financial regulatory agencies or suffer stiff consequences. But glo...

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Bibliographic Details
Published inGlobal Business Citizenship pp. 83 - 101
Main Authors Wood, Donna J., Logsdon, Jeanne M., Lewellyn, Patsy G., Davenport, Kim
Format Book Chapter
LanguageEnglish
Published United Kingdom Routledge 2006
Taylor & Francis Group
M. E. Sharpe Incorporated
Edition1
Subjects
Management & management techniques
Lone Ranger
Ethical AccountAbility
Good Life
River Blindness
European Environment Agency
Multisector Collaboration
CFO
Business Case
Telecommunications Advisory Committees
Urgent Claims
Stakeholder Engagement
Stakeholder Engagement Processes
Global Business Citizenship
Financial Regulatory Agencies
Nonprofit Organization
Firm Impacts
Multi-stakeholder Dialogues
UN
Violating
Legitimate Standing
Stakeholder Salience Model
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Summary:Accountability is built into the fiber of publicly held corporations. Every manager quickly learns how to be accountable to those a step or two up the hierarchy. Every CEO and CFO knows how to be accountable to capital providers and financial regulatory agencies or suffer stiff consequences. But global business citizenship requires a fresh look at the principle of accountability and the many ways to engage stakeholders for organizational success. Accountability provides the basis for stakeholder decision making, and, as such, is a fundamental responsibility of the organization to all stakeholders who are significantly impacted by its existence.
ISBN:9780765616272
0765616270
9780765616265
0765616262
DOI:10.4324/9781315704081-5