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You work for an international gas exploration company whose shares are listed on the Australian Securities Exchange

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You work for an international gas exploration company whose shares are listed on the Australian Securities Exchange. Recently the company made an application to the New South Wales government to commence coal and gas exploration operations in the Hunter Valley, New South Wales. Therefore, the company is keen to manage its stakeholders to ensure that the exploration licence is granted and there is no negative publicity associated with the operation. Required

(a) Identify four stakeholders the company needs to consider. Justify why each is a stakeholder.

(b) Identify and explain a relevant theory for each stakeholder. Justify why the theory is relevant.