Problem

It is usually recognized that power is an essential component of accountability and that greater accountability is recognized towards those stakeholders who have more power.

Required:

(a) Briefly describe the concept of accountability

(b) What are stakeholders? Identify four groups of stakeholders and show their potential interest in socially and environmentally related
information.

(c) By virtue of their power explain how stakeholders can exert significant influence on an organisation

(d) Companies are increasingly engaged with stakeholders in a positive and structured way to evaluate their needs. Effective stakeholder engagement is dependent on reliable information describe stakeholder engagement and explain its benefits and limitations.