Submission on the Incorporated Societies Bill
The IoD welcomes efforts to modernise the legal framework for incorporated societies.
Increasing consumer and stakeholder demands for clear communication about organisational performance and intentions, are driving more holistic reporting beyond the financial bottom-line. This requires organisations to think and engage more broadly with stakeholders. Integrated thinking is one way to achieve greater stakeholder engagement.
Integrated thinking involves much more than changing the way organisations report – it is a change process that compels organisations to focus on how they create value over time. Integrated thinking results in better articulation of strategy organisation-wide, where everyone from the board to employees on the floor understands where the organisation is going and what it is trying to do, and where all can make a contribution.
In this Directors' Brief we discuss integrated thinking, stakeholder engagement, and corporate transparency and reporting.
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