The goal of the Statement Campaign is that by 2025 the board of directors of every listed company will be issuing an annual Statement of Significant Audiences and Materiality.
Materiality in Corporate Governance: The Statement of Significant Audiences and Materiality
by Robert G. Eccles and Tim Youmans
Many boards of directors believe they are prevented from considering stakeholders other than shareholders in their governance, strategic and reporting duties.
New research from every developed country is showing that legal foundations exist for directors to indeed consider other stakeholders within the current bounds of fiduciary duty.
To many boards, this is new thinking.
To assist boards in this new realm of considering multi-stakeholder significance, we suggest that the board of every publicly listed company publish an annual one-page Statement of Significant Audiences and Materiality (The Statement).