CONTEMPORARY ISSUES IN ACCOUNTING DISCUSSION 2022

Running head: CONTEMPORARY ISSUES IN ACCOUNTING
Contemporary Issues in Accounting
Name of the Student:
Name of the University:
Author Note:

1CONTEMPORARY ISSUES IN ACCOUNTING
Executive Summary:
The paper intends to bring forth the management of interest of indigenous communities and the
stakeholders by Adani coalmine right when it was surrounded by controversies on the grounds of
imposition of environmental harm and destruction of ancestral lands of the indigenous people.
The assignment attempts to focus on the way the company is managing the interests of the
stakeholders using stakeholder theory and also the interests of the indigenous communities with
the determination of continuing to manage such in future.

2CONTEMPORARY ISSUES IN ACCOUNTING
Table of Contents
Introduction:....................................................................................................................................3
Discussion:.......................................................................................................................................3
Stakeholder Theory:.....................................................................................................................3
Stakeholder Groups Affected by Operations of Adani:...............................................................4
Management of the Interest of the Indigenous Community:.......................................................7
Management of Stakeholder Groups:..........................................................................................7
Conclusion:......................................................................................................................................8

3CONTEMPORARY ISSUES IN ACCOUNTING
Introduction:
Adani coal mines is one of the world’s biggest coal mines and came into the news
surrounding too many conflicts regarding the impact it was making on the environment and other
indigenous community. There have been many campaigns to stop this coal mine company which
is situated in Queensland, keeping in mind the aspiring future at a safe climate without the wrath
of the Global Warming. However, there is a number of stakeholder groups as well as some local
indigenous communities that are either dependent on the company or being directly affected by
it. In spite of all the conflicts surrounding the work of Adani, the company has an ethical way of
handling the interests of the groups of both indigenous and stakeholder (Reed 1999). This paper
intends to highlight affect of Adani Operation on the stakeholder groups in addition to the
indigenous groups. The paper will also show the ethical ways in which the company tries to
manage the interests of the local indigenous communities and the future management process.
Discussion:
Stakeholder Theory:
Ian Mitroff was the person who defines the theory of Stakeholder in his book. However
Mitroff described the theory in 1983, after which around in 1995, there were arguments
regarding the description given by Mitroff (Blackburn, 2019). Thomas Donaldson, being an
ethicist, has brought the descriptive, normative and instrumental aspect of the Stakeholder
Theory. In the terms of project management, a stakeholder can be an individual or a group that
has a direct impact by the outcome of a project that they are interested in. These stakeholders are
important for any company or business or even a project since they are the ones that sponsor or