Common use of Implications Clause in Contracts

Implications. An understanding and application of the concept of materiality helps to manage, and be seen to be managing significant impacts and issues better. Matters that rise to the level of ‘materiality’ are those that require high-level, co-coordinated effort. Many other issues, whilst not material, will still be addressed and managed by the company, and need to be communicated to stakeholders – but in focused, targeted ways – not in the annual report. With a full understanding of materiality and how it works, stakeholders should become better equipped to raise the issues that matter most to them.

Implications. An understanding and application of the concept of materiality helps to manage, manage and be seen to be managing significant impacts and issues better. Matters that rise to the level of ‘materiality’ are those that require high-level, co-coordinated effort. Many other issues, whilst while not material, will still be addressed and managed by the company, and need to be communicated to stakeholders – but in focused, targeted ways – not in the annual report. With a full understanding of materiality and how it works, stakeholders should become better equipped to raise the issues that matter most to them.

Implications. An understanding and application of the concept of materiality helps to manage, and be seen to be managing significant impacts and issues better. Matters that rise to the level of ‘materiality’ „materiality‟ are those that require high-level, co-coordinated effort. Many other issues, whilst not material, will still be addressed and managed by the company, and need to be communicated to stakeholders – but in focused, targeted ways – not in the annual report. With a full understanding of materiality and how it works, stakeholders should become better equipped to raise the issues that matter most to them.