- Start date: Ongoing
- End date: Ongoing
- Primary investigator: Professor Andrew Keay; Professor Joan Loughrey
The work involves a comprehensive study and assessment of the accountability of boards of directors as part of the governance of public companies.
Boards are clearly critical to the operation of companies and they are endowed with substantial power. Some of the issues that it will address are: why should boards be accountable and to whom; what accountability is presently required by corporate governance systems; from a normative perspective, what should accountability involve; what are the rationales for requiring boards to be accountable; what is the objective of accountability; how effective are the present mechanisms for accountability and what measures could be taken to ameliorate the provision for accountability; what drawbacks are there with making directors accountable; how is authority and accountability balanced; what are the obstacles to accountability taking place; during times of financial distress what is the nature of accountability and what does it involve?