Alternatively, the stakeholders' statements about success indicate their appreciation for CPRAT's work and their desire for this work to be recognized by others.
Our analysis of cumulative abnormal returns following 161 events targeting the firms in our sample highlights that stakeholder's reactions are influenced both by information about a firm's stakeholder relations before the event and by publicly reported stakeholder statements and actions following the event.
Each of these is marked by specific activities: 1) setting the stage; 2) providing space for stakeholder statements; 3) finding common ground; 4) expanding options; and 5) assessing options and building consensus.
Implementation will however require extensive consultation and dialogue with all parties, in particular the research performing communities represented through ALLEA and other scientific stakeholders", the statement reads.
"That said, we are sensitive to the need for a full review of compensation practices in our industry and we are evaluating the best way forward for stakeholders," the statement said.
Following delays and much consultation between stakeholders, a statement was released by the Minister of Health, Aaron Motsoaledi, in October 2012, saying it would be irresponsible to deny pupils access to condoms and HIV testing at schools, and that government would soon launch an Integrated School Health Programme (ISHP) [ 14– 16].
The early warners did not feel tempted to initiate stakeholder cooperation (statement 2), in contrast to the issue advocates.
Many of our results, including the importance of workflow integration, well designed user interfaces, ongoing knowledge management and intentional interaction among stakeholders, confirm statements made by others based on their experience and expert opinion [ 6, 36- 41].
In addition to the benefits it offers a board in thinking through key issues and stakeholders, such a statement may help CEOs provide investors with an overview of how the corporation thinks about and manages material stakeholder interests.
