Corporate Accountability

Knowledge Center

   

Description of Corporate Accountability. Explanation.

 

Definition Corporate Accountability. Description.


Corporate Accountability is a broad term that refers to the moral or legal obligation for companies of being accountable to the shareholders or Stakeholders of the organization or even to society as a whole. Stakeholders may include shareholders, employees, customers, suppliers, the local community, special interest groups and the countries or regions that the firm operates in.


In fact, one can distinguish three forms of accountability:

  • Societal Accountability: each organization is seen as accountable for its actions to society in general and to specific groups or organizations within society.

  • Organizational Accountability: within each organization, agents, directors and other trustees are seen as accountable for the way they represent the organization. Also, when these agents in turn appoint and control managers, these are also seen as accountable for the way they run the organization.

  • Interpersonal Accountability: of one person in the organization to another, depending on informal networks, the Organizational Culture and shared values and beliefs.

Three relevant questions at all three above levels when thinking about accountability are:

The concept of accountability is strongly related to other concepts such as Corporate Transparency, Corporate Sustainability, Corporate Responsibility, and Corporate Governance.


Corporate Accountability Special Interest Group


Special Interest Group (2849 members)


Corporate Accountability Forum  

In the forum section you will find recent discussions within this knowledge area.


  The Need for More Accountability in Africa (9 reactions)
In Africa accountability is a dirty word. Until accountabili...
 
 
 
 
  Corporate Accountability versus Corporate Social Responsibility (4 reactions)
How to differentiate the concepts of corporate accountabilit...
 
 
 
 
  A Case of Misapplied Accountability Principle (0 reactions)
Please give your comments on the following case:

...
 
 
 
 

Best Practices - Corporate Accountability

In the best practices section you will find the best forum discussions within this knowledge area.


  Globalisation Asks for More Accountability (3 reactions)
Globalization h...
 
 
 
 

Expert Tips - Corporate Accountability

In the expert tips section you will find advices from experts within this knowledge area.



Resources - Corporate Accountability

In the Resources section you will find powerpoint presentations, micro-learning videos, articles, news items, etc. within this knowledge area.


The Board of Directors: Roles, Responsibilities and Duties

Board of Directors, Corporate Governance, Board Accountability, Director Liability...
 
 

News about Corporate Accountability


     
 

Videos about Corporate Accountability


     
 

Presentations about Corporate Accountability


     
 

Books about Corporate Accountability


     
 

More about Corporate Accountability


     

Compare also: Shareholder Value Perspective  |  Stakeholder Value Perspective  |  Safe Harbor Statement  |  Whistle Blower  |  Globalization  |  Stakeholder Mapping  |  Stakeholder Analysis  |  Triple Bottom Line  |  Directors and Officers Liability Insurance

Special Interest Group Leader

You here? Sign up for free


 
 

Return to Management Hub: Communication & Skills  |  Ethics & Responsibility  |  Finance & Investing  |  Strategy


More on Management  |  Return to Management Dictionary  | 

 

This ends our Corporate Accountability summary and forum.



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.0 - Last updated: 19-4-2019. All names of their owners.