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What is Corporate Accountability?

Corporate accountability refers to a company’s responsibility to its stakeholders, including employees, customers, and the wider community, to operate transparently and ethically. It involves the obligation to report on business practices, financial performance, and social and environmental impact. Mechanisms for accountability include regular reporting, audits, and stakeholder engagement. It aims to ensure companies adhere to legal standards and societal expectations. This concept promotes trust and integrity within the corporate world. Effective corporate accountability can enhance a company’s reputation and long-term success.

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