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Series:   Elements in Corporate Governance

Trust, Accountability and Purpose

The Regulation of Corporate Governance

Published online by Cambridge University Press:  16 August 2019

Justin O'Brien

Summary

The collapse of trust can be found across all of our institutions but most of all in finance. This Element seeks to answer an existential question: how to rebuild trust in distrusting times? Integrity, responsibility and accountability must be embedded into corporate mission statements, values and codes of conduct. Through organisational and regulatory design across five interlocking themes - legal, regulatory, managerial, ethical and social. What is required is substantive rather than technical compliance; warranted rather than stated commitment to high ethical standards; effective deterrence strategies; enhanced accountability; and a shared commitment to risk within negotiated, binding and enforceable parameters.
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Keywords

trustaccountabilitycorporate governanceriskintegritysocial licence to operate
Type
Element
Information
Series: Elements in Corporate Governance
Online ISBN: 9781108781138
Publisher: Cambridge University Press
Print publication: 15 August 2019

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