Enhancing corporate accountability

What is meant by corporate “accountability”? it has been proposed that, to enhance corporate accountability and profitability, corporate stakeholders should play an active role is the governance of the corporations in which they have an interest. This would also safeguard the interests of the stakeholders. What are the arguments for and against this view? Discuss some possible ways whereby corporate stakeholders may play a more effective role in corporate governance. Identify some of the issues that might arise from your proposals.


The recent corporate collapses of such companies as Enron, WorldCom, HIH Insurance and OneTel have made corporate governance an increasingly important issue. Corporate governance is designed to monitor and control the management of corporations to ensure there is no misconduct and that shareholder value is enhanced . Good corporate governance is about responsible investors and boards cultivating long term sustainable economic growth . It has several...