Advancing Towards a More Effective Stakeholder Engagement by Multinational Companies in Nigeria*
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 6
Abstract
Sustainable Governance is a concept whereby companies integrate social and environmental concerns in their business operations and their interactions with their stakeholders on a voluntary basis. Stakeholder engagement and reporting on non-financial issues, which allows the company to demonstrate that it understands the concerns of the society and explains how it is addressing them with its social and environmental policies is currently incoherent, haphazard and without regulation in Nigeria. The on-going social upheavals in the Niger Delta Region of Nigeria is an attestation of failure of effective stakeholders’ engagement by theMultinational Companies (MNCs), This paper examined the concept of stakeholder engagement as a solution to these conflicts, its importance to sustainable corporate governance and the global practice and standards. This paper further appraised the adequacy of the current laws, regulations, policies and practice for regulating stakeholder engagement by MNCs in Nigeria, a mandatory legal, more effective disclosure regime and regulations of stakeholder engagement is advocated.
Authors and Affiliations
Kunle Aina
Keywords
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- EP ID EP412024
- DOI 10.9790/487X-2006072034.
- Views 57
- Downloads 0
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