Sab wants to establish a corporate policy by using a

Question

SAB wants to establish a corporate policy by using a reaction approach which alllows stakeholders to determine what they want from the company and what they consider to be the issues and culture of the company. Which approach would they be following?

1. A value-based system
2. A stakeholder-engagement process
3. A combination of both a value-based system and a stakeholder-engagement process
4. The corporate governance approach