Deakin University
Browse

File(s) under permanent embargo

The framework for board accountability in corporate governance

journal contribution
posted on 2015-06-01, 00:00 authored by Andrew Keay, J Loughrey
In the wake of the financial crisis, there has been much discussion about whether boards (particularly of banks) are sufficiently accountable. However, while a significant literature has grown up in relation to the study of accountability in various disciplines, particularly public administration and politics, in the field of corporate governance there has been little consideration of what accountability means or entails. This is problematic: without a clearer idea of the elusive concept of accountability, debates about board accountability may be at cross-purposes. It will be difficult to assess whether particular corporate governance mechanisms promote board accountability, and if not, why not. The lack of clarity can also mask accountability deficits. This paper addresses this gap, setting out why accountability is important and offering an account of what accountability means in the corporate governance context, focusing on board accountability, in order to provide a framework for future research.

History

Journal

Legal Studies

Volume

35

Issue

2

Pagination

252 - 279

Publisher

Wiley-Blackwell

Location

Chichester, Eng.

ISSN

0261-3875

eISSN

1748-121X

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal; C Journal article

Copyright notice

2014, Society of Legal Scholars

Usage metrics

    Research Publications

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC