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WHAT DOES ACCOUNTABILITY MEAN FOR DIRECTORS AND CORPORATIONS?
NON-FINANCIAL ACCOUNTABILITY
HOW DOES ONE ACCOUNT
WHY ACCOUNT
SPECIFIC MANDATES FOR ACCOUNTING



Please use the links below (or the sub-links on the bottom left) to navigate through 'Basic Accountability Questions' Section:
WHAT DOES ACCOUNTABILITY MEAN FOR DIRECTORS AND CORPORATIONS?
NON-FINANCIAL ACCOUNTABILITY
HOW DOES ONE ACCOUNT
WHY ACCOUNT
SPECIFIC MANDATES FOR ACCOUNTING

Officers and directors of organisations have a duty to assure that information and reporting systems exist in their organisations that are reasonably designed to provide to senior management and the board itself timely, accurate information sufficient to allow management and the board, each within its scope, to reach informed judgements concerning both the corporation’s compliance with the law and its business performance.

(Caremark Case - Delaware Chancery Court 1996)
 

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