corporate accountability
Company ethical obligations
Corporate accountability is the principle that businesses should answer for their actions and their effects on employees, communities, and the environment.
The term implies that corporations have responsibilities beyond profit—to stakeholders, not just shareholders.
It often appears in discussions of regulation, ethics, and corporate social responsibility: Activists demanded corporate accountability for the pollution.
The scandal raised questions about corporate accountability in the tech industry.
- fiduciary dutyObligation to act loyally
- executive paySenior management remuneration
- regulationOfficial rules governing conduct
- integrityMoral soundness and consistency
- reportFormal written findings
anti-corruption · disclosure · liability · human rights · social responsibility · shareholder rights · whistleblower · sustainability · class action · class action lawsuit · Enron · regulatory oversight · penalty · audits · moral duty · shareholders · fairness · risk management
- economic activismboycott, divestment, shareholder activism, proxy voting, ethical shopping
- Ethical Consumptionethical shopping, buy local, local buying, eco-friendly, cruelty-free
corporate accountabilityunaccountability
Absence of obligation to explain
corporate misconduct · tax evasion · greenwashing · blame-shifting · plausible deniability
corporate accountabilitycorporate greed
Excessive pursuit of profit
exploitation · short-termism · profit maximization · asset stripping · race to the bottom
corporate accountabilityopacity
Impermeability to light
non-disclosure · shell companies · dark money · cooking the books · obfuscation
account, corporation, accountable, corporate, accountability