report

Director Briefing — Stakeholder Engagement

Sep 28, 2018 1 MIN READ
View the briefing
Author
Andrew MacDougall

Partner, Corporate, Toronto

Organizations need to respond to many different stakeholders, each with competing interests and visions for the organization. Effective stakeholder engagement can enhance a corporation’s reputation, which can sustain and support an organization in challenging circumstances and contribute to the organization’s long-term success. Failing to engage effectively with stakeholders, however, can have detrimental consequences and may even threaten the organization’s continued existence. Directors have a key role to play in overseeing stakeholder relationships.

To help board members understand their role in overseeing a company’s constructive engagement with its stakeholders, the Corporate Oversight and Governance Board of the Chartered Professional Accountants of Canada published a director briefing co-authored by corporate governance expert Andrew MacDougall, a corporate partner at Osler, and Josh Pekarsky of Longview Communications & Public Affairs.

The guide offers insight into a wide range of topics relating to stakeholder engagement, including what it is, why it is important and how it can benefit your organization. 

It also provides a sample stakeholder engagement policy and practical information regarding the following:

  • the role of the board versus management
  • risk management and value creation
  • how boards can support effective stakeholder engagement
  • what success can look like

Director Briefing — Stakeholder Engagement

View the briefing