Engagement
1. Professional services - contract.
In professional services, an engagement is a contract for a pre-defined time period, scope of work - or both - between a professional services provider and a client.
For example, to undertake an audit or a programme of executive coaching.
2. Organisations - policy - regulation - communication - collaboration - stakeholders - shareholders.
In the organisational and policy context, engagement means effective communication and collaboration between stakeholders.
For example, engagement by institutional investors and asset managers with the companies they invest in, with the aim of promoting long-term growth and increasing transparency.
An example in policy and regulation is discussion and feedback with market participants, before finalising and implementing proposals for change.
3. Participation.
Any form of participation or collaboration, formal or informal.
