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  2. 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.
     
  3. People also ask
    What does the Accountability Board do?[email protected] Privacy Policy & Terms ©2022 The Accountability Board. All rights reserved. The Accountability Board tracks companies’ environmental, social and governance performance, actively engaging to increase transparency and progress.
    How does board accountability affect board accountability to shareholders?Thus an increase in board accountability to shareholders in any respect—according to customary belief—necessarily translates into a corresponding decrease in the scope of authority enjoyed by directors; and, vice versa, an increase in directors’ authority leads inextricably to a reduction in board accountability to shareholders.
    What does it mean to be accountable to the board?Accountability means the board takes the responsibility of ensuring the organization follows the laws, behaves in an ethical manner, and does not waste the resources trusted in its care. Accountability is directly tied to earning the public’s trust. Trust is earned through honesty and functioning in a transparent manner.
    Who should be involved in the Accountability Board?Particular attention must be given to new employees, managers, and supervisors. Managers and supervisors are responsible for ensuring that all employees in their organizations are briefed on the functions of the Accountability Board and how the process works.
     
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