As per Regulation 4(2) (d) of SEBI (LODR) Regulations, 2015 the listed entity should recognise the rights of stakeholders and encourage co-operation between listed entity and the stakeholders." Explain this statement.

As per Regulation 4(2) (d) of SEBI (LODR) Regulations, 2015 the listed entity should recognize the rights of stakeholders and encourage co-operation between listed entity and the stakeholders in the following manner:- The listed entity should respect the rights of stakeholders that are established by law or through mutual agreements. Stakeholders should have the opportunity to obtain effective redress for violation of their rights. Stakeholders should have access to relevant, sufficient and reliable information on a timely and regular basis to enable them to participate in Corporate Governance process. The listed entity should devise an effective vigil mechanism/whistle blower policy enabling stakeholders, including individual employees and their representative bodies, to freely communicate their concerns about illegal or unethical practices.