Discuss the nature of stakeholder engagement and its importance to ensuring that the decision making needs...

Discuss the nature of stakeholder engagement and its importance to ensuring that the decision making needs of all stakeholders for accounting information is being met.

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Several stakeholders today hold Paragraph 13 of the Outcome Document as a key to their future engagement in issues related to sustainable development and good governance. Paragraph 13 states:
“we recognize that opportunities for people to influence their lives and future, participate in decision-making and voice their concerns are fundamental for sustainable development. We underscore that sustainable development requires concrete and urgent action. It can only be achieved with a broad alliance of people, governments, civil society and the private sector, all working together to secure the future we want for present and future generations.”

the main arguments for the importance of local stakeholder engagement center on democratic and equity aims, such as: 1) reducing marginalization of those underrepresented in decision-making, 2) increasing stakeholder trust in and ability to act on decisions, 3) accounting for diversity of values across stakeholders, and 4) promoting social learning where stakeholders learn from each other and build new knowledge while developing new relationships

ekkarill92 answered 1 year ago

Chapter 9 discussed the importance of stakeholder engagement in policy making. The author presented several benefits...

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