Accountability

Accountability is the acceptance of responsibility for oneʻs conduct in the workplace. The concept of accountability can be applied to corporations as a whole, individual company employees, shareholders, and the overarching industry in which a business operates within. Corporate accountability often requires businesses to accurately report the performance of their company, including its adherence to or deviation from set budgets and goals. Corporate accountability also encourages business professionals to transparently communicate this company information with the appropriate stakeholders and employees.