Keay, AR and Loughrey, J (2015) The framework for board accountability in corporate governance. Legal Studies, 35 (2). 252 - 279. ISSN 0261-3875
Abstract
In the wake of the financial crisis, there has been much discussion about whether boards (particularly of banks) are sufficiently accountable. However, while a significant literature has grown up in relation to the study of accountability in various disciplines, particularly public administration and politics, in the field of corporate governance there has been little consideration of what accountability means or entails. This is problematic: without a clearer idea of the elusive concept of accountability, debates about board accountability may be at cross-purposes. It will be difficult to assess whether particular corporate governance mechanisms promote board accountability, and if not, why not. The lack of clarity can also mask accountability deficits. This paper addresses this gap, setting out why accountability is important and offering an account of what accountability means in the corporate governance context, focusing on board accountability, in order to provide a framework for future research.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2014 The Society of Legal Scholars. This is the accepted version of the following article: Keay, A. and Loughrey, J. (2014), The framework for board accountability in corporate governance. Legal Studies. doi: 10.1111/lest.12058, which has been published in final form at http://dx.doi.org/10.1111/lest.12058 |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Law (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Apr 2015 12:47 |
Last Modified: | 23 Jun 2016 03:15 |
Published Version: | http://dx.doi.org/10.1111/lest.12058 |
Status: | Published |
Publisher: | Wiley |
Identification Number: | 10.1111/lest.12058 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:83962 |