Takeaway

Key Concepts: Involving Stakeholders

Involving stakeholders in the reporting process will ensure that an organization’s report contains information useful to its stakeholders. Stakeholders’ observations and recommendations will serve as evaluations of the company’s performance and its reporting. Stakeholders can be used at different times and for different purposes in the reporting process:

• before preparing the report to determine what is important to include in the report;
• during the reporting process to assess specific parts of the report; and
• as a stakeholder panel after the report has been completed to provide observations and recommendation about performance and reporting adequacy.