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Accountability, in terms of ethics and governance, is equated with answerability, culpability, liability, and the expectation of account-giving. [ 1 ] As in an aspect of governance , it has been central to discussions related to problems in the public sector , nonprofit , private ( corporate ), and individual contexts.
Corporate accountability is the acknowledgement and assumption of responsibility for the consequences of a company's actions. It can be defined in narrowly financial terms, e.g. for a business to meet certain standards or address the regulatory requirements of its business activities. [ 1 ]
Corporate responsibility is a term which has come to characterize a family of professional disciplines intended to help a corporation stay competitive by maintaining accountability to its four main stakeholder groups: customers, employees, shareholders, and communities.
Accountability for reasonableness is an ethical framework that describes the conditions of a fair decision-making process. It focuses on how decisions should be made and why these decisions are ethical.
A code of practice is adopted by a profession (or by a governmental or non-governmental organization) to regulate that profession. A code of practice may be styled as a code of professional responsibility, which will discuss difficult issues and difficult decisions that will often need to be made, and then provide a clear account of what behavior is considered "ethical" or "correct" or "right ...
Accountability and transparency are of high relevance for non-governmental organisations (NGOs). In view of their responsibilities to stakeholders, including donors, sponsors, programme beneficiaries, staff, states and the public, they are considered to be of even greater importance to them than to commercial undertakings. [ 12 ]
State ethics commissions are a pillar of American democracy and any attack on an ethics commission’s ability to do its job must be viewed as an attack on the rule of law. | Opinion
Some professional organizations may define their ethical approach in terms of a number of discrete components. [4] Typically these include honesty, trustworthiness, transparency, accountability, confidentiality, objectivity, respect, obedience to the law, and loyalty.