Roles of other stakeholders

1.       Company Secretary

a. Arrranging meetings between Directors and Shareholders and communicating decisions made in these meeting to outsiders


b. Ensuring the company complies with  relevant laws


c.  Ensuring the company carries on its  business in accordance with its  object(in its Memorandum of  Association)


d.  Prepare the agenda for all BoD  meetings and other necessary  documents with the help of the BoD  Chairman. This agenda will be issued  to all the Directors, also, a notice will  be issued


e.   Signing the Company’s Annual report


f.    Maintaining Statutory registers e.g       Register of Members i.e Shareholders


g.   Reminding Directors of their      responsibilities


2.       Sub-Board Managers


a. Helping in the implementation of the company’s strategy


b. Monitor lower-level managers


c. Resource Allocation


d. Reporting to relevant Director e.g Finance Manager reports to the Finance Director


3.       Employees
a.  Implement risk management and control procedures


b.   Whistleblowing


c.    Reporting to Sub-Board Managers


4.       Trade Unions

a.  Protecting interests of the employees    that are its members


b.  Negotiating terms and conditions of    employment on behalf of its members


5.       Suppliers

a.  Supplying the company with    necessary resources needed to carry  out business e.g money, raw materials,  electricity, e.t.c.


6.       Customers

a.  Purchasing the company’s goods and  services


b.  Letting the Company know when the  quality of its goods and services is not  satisfactory


7.       External Auditors

a.       Examining the financial statements to providing an opinion as to whether they give a true and fair view

b.       Reviewing the internal control system of the company to identify deficiencies