Question

1. Can accountability be linked to stakeholder theory and stakeholder

engagement?

Answer 1

Accountability is a process that manages power imbalances between the organisation and its stakeholders, as well as between an organisation's variousstakeholder groups. .

The stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization & Yes it linked to Accountability.

Stakeholder engagement is a tool that organisations use to help them achieve inclusivity.

Inclusivity is the participation of stakeholders in developing and achieving an accountable and strategic response to sustainability.

Accountability Stakeholder Engagement Standard (2015) is the most widely applied global stakeholder engagement standard, supporting organizations to assess, design, implement and communicate an integrated approach to stakeholder engagement.

Stakeholder engagement must be embedded in the culture and core functions of an organization. To achieve this, we have to commit to    the Accountability Principles that are: Inclusivity: “The participation of stakeholders in developing and achieving an accountable and strategic response to sustainability.”

Stakeholder engagement is now accepted as integral to an organisation’s sustainability and success. It is important, therefore, to understand the difference between good-quality and poor-quality engagement.

Successful engagement depends on understanding why an organisation is engaging (the purpose), what issues to engage on (the scope), and who needs to be involved in the engagement (ownership, mandate, and stakeholders).