Trust, Accountability and Purpose: The Regulation of Corporate Governance

Justin O'Brien

Trust, Accountability and Purpose: The Regulation of Corporate Governance
Format
Paperback
Publisher
Cambridge University Press
Country
United Kingdom
Published
15 August 2019
Pages
75
ISBN
9781108748506

Trust, Accountability and Purpose: The Regulation of Corporate Governance

Justin O'Brien

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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