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4. Stakeholder Management

d. describe stakeholder management;

## e. describe mechanisms to manage stakeholder relationships and mitigate associated risks;

What is stakeholder management? Stakeholder management involves identifying, prioritizing, and understanding the interests of stakeholder groups and on that basis managing the company’s relationships with stakeholders.

In terms of stakeholder management what is “Say on Pay”? Say on pay is the ability of shareholders in a company to actively vote on how much executives employed by the company should be compensated.