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- Accountability board refers to the responsibility of the board of directors to govern a company on behalf of shareholders12. The board is responsible for the overall governance, management and strategic direction of the organisation, and has ultimate accountability for its activities and performance3. Board accountability is about taking responsibility for all of a company’s activities and presenting a fair, balanced and understandable assessment of an organisation’s position and prospects to stakeholders4. The Accountability Board tracks companies’ environmental, social and governance performance, actively engaging to increase transparency and progress5.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Accountability is the obligation to explain, justify, and take responsibility for one’s actions. The two key elements of accountability are answerability and enforcement. In the context of Australian corporate governance, company shareholders entrust the board of directors to govern on their behalf.legalvision.com.au/board-accountabilities/Boards should be accountable to shareholders, the owners of the companies, by holding regular board elections, by providing sufficient information for shareholders to be able to assess directors and board composition, and by providing shareholders with the ability to remove directors.accountabilityboard.org/values/The board is responsible for the overall governance, management and strategic direction of the organisation. As a result, the board has ultimate accountability for its activities and performance.www.aicd.com.au/corporate-governance-sectors/n…In general terms, Board accountability is about taking responsibility for all of a company’s activities and presenting a fair, balanced and understandable assessment of an organisation’s position and prospects to stakeholders.www.grantthorntonni.com/news-centre/board-acco…The Accountability Board tracks companies’ environmental, social and governance performance, actively engaging to increase transparency and progress.accountabilityboard.org/
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