Corporate Accountability
/ˈkɔːrpərət əˌkaʊntəˈbɪləti/
Definitions
- (n.) The legal and ethical obligation of a corporation to be responsible for its actions and decisions, ensuring compliance with laws, regulations, and stakeholder expectations.
Corporate accountability requires companies to disclose their environmental impact transparently.
- (n.) The framework or mechanisms through which corporations are held liable for misconduct or failure to meet statutory duties.
Regulators enforce corporate accountability through penalties and oversight.
Forms
- corporate accountability
Related terms
See also
Commentary
Corporate accountability intertwines legal liability with ethical considerations, often emphasized in regulatory compliance and corporate governance frameworks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.