Current Reporting Framework---------------------------------------------- 6
2.1.2 Limitations of Current Reporting------------------------------------------ 8
2.2 Organizations and Stakeholder Relationship----------------------------- 10
2.2.1 Theoretical Development --------------------------------------------------- 10
2.2.2 Legitimacy Theory---------------------------------------------------------- 12
2.2.3 Stakeholder Theory--------------------------------------------------------- 12
2.3 Stakeholder Identification------------------------------------------------- 13
2.3.1 Who are Corporate Stakeholders?---------------------------------------- 14
2.3.1.1 Primary Stakeholders------------------------------------------------------- 15
2.3.1.2 Secondary Stakeholders---------------------------------------------------- 15
2.3.2 General Stakeholder Claims----------------------------------------------- 17
2.3.3 Importance of Stakeholders Claims--------------------------------------- 20
2.3.4 Determination of Expectation Gap---------------------------------------- 22
2.3.5 Prioritization of Stakeholder Needs--------------------------------------- 23
2.3.6 Stakeholder Reaction-------------------------------------------------------- 23
2.3.7 Periodic Monitoring--------------------------------------------------------- 24
2.4 Relationship between Theory and Perception---------------------------- 25
2.4.1 Perceived Stakeholder Pressure-------------------------------------------- 25
2.4.2 Managerial perception of stakeholder pressure-------------------------- 26
2.5 Management of Perceived Pressure--------------------------------------- 27
2.6 Possible Future Development----------------------------------------------- 29
2.7 Conclusion--------------------------------------------------------------------- 30
Chapter 3: Research Design and Methodology
3.0 Introduction------------------------------------------------------------------ 31
3.1 Sampling Frame and Sample Selection----------------------------------- 31
3.1.1 Data Collection and Analysis---------------------------------------------- 33
3.2 Collection of Primary Data------------------------------------------------- 34
3.2.1 Design of Questionnaire and Administration---------------------------- 34
3.3 Collection of Secondary Data---------------------------------------------- 36
3.4 Non - Response and Follow Ups------------------------------------------ 36
3.5 Conclusion-------------------------------------------------------------------- 37
Chapter Four: Analysis of Primary Data
4.0 Introduction----