The 21st century is a world of intellectual capital knowledge management and intangible assets. Governance frameworks, accounting standards and approaches to corporate accountability developed and effective for the industrial age no longer meet society’s needs. The result has been a massive lack of trust in both private and public sector enterprises. This book focuses on how shareholders, owners, directors, legal advisors, accountants and business leaders can accommodate these aspects of corporate governance and build accountability frameworks that respond to changing economic, social and legislative pressures.
Weaving together the many new approaches to management and corporate governance that have been evolving over the past 20 years, with the problems created through a fundamental lack of accountability demonstrated through scandals, crises and lack of corporate integrity and accountability, the book maps the way for corporate accountability and builds a framework that can be used to move forward.