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Stakeholder Relationships

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Presentation on theme: "Stakeholder Relationships"— Presentation transcript:

1 Stakeholder Relationships
OECD Third Asian Roundtable on Corporate Governance Stakeholder Relationships Ken Rushton Director

2 OECD Principles Co-operation between corporations and stakeholders
Provide relevant information to stakeholders “Concern over corporate reputation and corporate performance often require the recognition of broader interests”

3 Intangible Assets Intellectual capital Human Capital Brands Reputation

4 Strategic Approach Sustainable Development Values Ethics Stakeholders
Measurement & Reporting Benchmarking

5 Model for Sustainability
Identify Issues Raise Through Dialogue Employee Awareness Facilitate Account Business through Action Indicators & Reporting

6 Stakeholder Dialogue BP Shell Camelot Monsanto

7 Social Report Comprehensive Comparable Inclusive Embedded Verified
Continuous improvement

8 Benefits Builds trust Enhances reputation Benchmarks performance
Indicates commitment Reinforces values Motivates business action

9 OFR Purpose, strategy, performance drivers Stakeholder relationships
Corporate governance Community, social, ethical, reputational issues Environment

10 Some issues No universal reporting standard
Environmental reporting not enough Business sustainability now a strategic issue Performance indicators are needed Link between sustainability and reputation needs more research


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