The Salvation Army and Stakeholder Governance

As a registered charity and religious foot, the redemption Army has been in existence for sort of a long time. Though whatever organizations waited for the government to formulate laws that governed the use of habitual money, practices of transp arncy, monetary disclosure and function consume been engraved in their procedures even in the first place that (Institute of policy studies, 2010). External stakeholders in the institution are found in the organization.Stakeholders in the organisation are non owners in any aspect and neither do they work in the organization only partner with the organisation in ventures that are of interest to both of them. They are called outside(a) stakeholders. Being part of the projects the stakeholders have expectations on the information they should get from the institution regarding the pay they contribute and the activities that are undertaken (Bhatia, 2007).Financial disclosures in terms of balance sheets and income statements are funda mental to the stakeholders especially since they contribute to the kitty of the events or activities that are carried out. Salvation Army gives disclosures not only to the external but as well as to the public quarterly and incorporates it in the yearbook report. This is to show what the organization realised or achieved with the finance (Mullins, 2005). Accountability is yet some other value that the stakeholders can expect from the institution. heavy(a) details of how the money was spent and who was tough is the main objective of the value. Members of the organisation reckon that they owe the Almighty God accountability and do so through financial reporting to the stakeholders and other key power (Bhatia, 2007). Transparency is the ultimate crown for the unflawed use of resources and execution of plans. In the set of the Salvation Army, this is not left out. It reveals honesty, creates entire relation between the involved parties, and is a practice of Christian code of r ead (Mullins, 2005).REFERENCESBhatia, S.K. (2007). Management of Non-Profit Organisations. New Delhi Deep & ampere Deep Publications.Institute of policy studies. (2010). delimitate social impact. Retrieved on 18th lofty 2010 <http//www.spp.nus.edu.sg/ips/docs/events/RT_Defining%20Social%20Impact_060710_report.pdf>Mullins, L. J. (2005). Management and organisational behaviour. New York, NY Prentice student residence/Financial Times.