If you say yes, then you are agreeing that there are indeed important stakeholder issues for the Corporation to consider. Stakeholder issues include but are not limited to the following: governmental relationships, competitive issues, operational issues, environmental issues and other unique stakeholder’s issues. The Corporation must address these issues in order to be successful and prevent being placed in a position of weakness. Failure to do so can result in the loss of business, and shareholder value.
Now back to the initial question – can I take my corporate governance stakeholder questions and put them to work for me? Yes, you can. Stakeholders are vital to the health of a Company. Without them, a Company would not survive long. It is therefore important for corporations to address their stakeholder issues, in order to continue to grow and succeed.
When a company fails to do this – it cannot grow, and it will eventually fail. This failure results in the loss of shareholder value and, therefore, investors’ loss of investment capital. When a company does not properly address its stakeholder issues, they run the risk of being taken over by another larger Company with more experience, resources and capital. This is why it is so important for a Company to address its stakeholder issues – they impact the Company’s ability to do business and prevent it from growing.
How do you go about addressing the issue of stakeholder relations? In the case of a Corporation, you must have someone – a corporate governance advisor – take my corporate governance stakeholder questions to the Corporation’s Board of Directors. If you want to take my corporate governance stakeholder questions to the Board, you will have to make several key points to them; one of these being that you feel that the Company is going to be successful in the future, and you would like to see that they are well-informed about that future. You will have to provide the Corporate Governance advisor with documented evidence that the Company is moving in the right direction, and are well on their way to success.
When you approach the Board, you need to make sure that you leave the meeting with one thing – your cards. Do not leave the meeting with any loose cards, or anything else that may be embarrassing for you or the company. Make sure that the meeting is professional, clean, and cordial. After the meeting, hand out your cards, and a thank you letter to the Corporation, stating that you had a good meeting, and thanking them for their time and consideration. In most cases, a company will then reimburse you for your expenses.
However, if your stakeholder relationship has become strained, or there is insufficient communication between you and the other stakeholder, you may find it necessary to take my corporate governance stakeholder relations advice from a professional corporate law firm. One such law firm is located in Seattle, WA. We have served the financial industry throughout the country for many years and have worked successfully with a number of corporations as their stakeholder relations advisor. The firm that we work with will be able to assist you in developing a plan to strengthen your relationships with all of your stakeholders.
In closing, it is very important that you build strong relationships with your stakeholders. You want them to feel that you respect their viewpoint, and they want to work with you. If you fail to do so, you will quickly find that the opinion of your stakeholders – your customers – will drop off, and your bottom line will suffer. If you take time to develop good stakeholder relations, your company can benefit as a whole – not just in the short term, but in the long term as well.