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The range of stakeholders will vary from organisation to organisation depending on size, complexity, activities and other factors. Understanding who their stakeholders are is an important step for sports bodies to plan for and execute effective engagement with them.

Useful tools for understanding stakeholder engagement

The board should report to its members or shareholders and key stakeholders on how it has taken the impact on them into account when making decisions.

How the voice of influential stakeholder groups is reflected in the decision making by sports organisations will reflect how seriously a stakeholder-inclusive approach is taken.

There are a number of reasons for effective stakeholder engagement, including regulatory requirements, a moral or ethical imperative as well as strong financial or business reasons.

Protect and drive value from your key assets

Significant advancements in the field of information and communication have radically increased the ease with which data may be collected, transmitted, stored, manipulated and, most importantly, disseminated.

The Freedom of Information (FoI) Act 2000 gives members of the public the right to access information held by public bodies.

Every company is legally obliged to keep certain specified registers, books and records to reflect the operation of its business. The company secretary or governance lead’s primary responsibility is to see that they are properly maintained and kept up to date.