
1 minute read
Stakeholder Engagement
A person, group or organization that has interest or concern in our company is defined as a stakeholder of Raigam Wayamba Salterns PLC. In the setting of sustainable growth, it is vital that we engage with both types of stakeholders of internal and external.
Considering their materiality to the business and level of interest, we have identified seven groups of stakeholders who have interest in us. Our stakeholder engagement process ensures that we identify stakeholder requirements and effectively address any queries and topics of interest with discussion and involvement.
Advertisement
Employees Shareholders
Community
Prove Commitment
Disclosure
Balance Interest
Government and Regulatory Bodies Salterns Reputation
Indentify & Engage
Customers
Suppliers
Stakeholder Interest area
Employees ² Company performance ² Job security ² Benefits program ² Compensation ² Education & training program
Shareholders ² Annual General Meeting ² Annual Report ² Dividend ² Share price ² Press conferences and releases
Mode of engagement
² Training sessions ² Face to face communication ² Telephonic conversations ² Annual events
² Conducting AGM as per requirements ² Annual dividend recommendations by the
Board to AGM ² Conducting press conferences to inform future steps
Frequency
² Annual employee evaluation ² Training programs when required ² Monthly operational review
² Annual AGM ² Annual dividend ² Regular monitoring of share price ² Press conferences once required
Distributors
Customers
Suppliers
Government and Regulatory Bodies ² On time distribution ² Transport cost ² Free issue ² Distributor discounts ² Merchandizing
² Price ² Quality ² Health ² Regulatory compliance
² Cost and Quality ² Credit period ² Relationship
² Compliances ² Jobs ² Minimum investment ² Eco friendliness ² Field visits ² Telephonic inquiries ² Personal meetings ² Workshops
² Regular advertisements ² Communication through brand managers ² Direct contacts ² Market surveys
² One-to-one meetings ² Supplier Contracts ² Annual sales conference ² Ongoing road shows
² Ongoing
² Annual contract renewal ² Ongoing
² Liaising ² Direct communication ² Compliance monitoring ² Ongoing
Community ² Jobs ² Safety ² Environmental protection ² Donations ² Sponsorships ² Disaster management plan ² Public events ² CSR activities ² Ongoing
