Business

Fintech works to elevate minority leaders as users diversify

Data is beginning to show that communities historically cut off from banking and investing are using financial technology to increase access. Now, industry leaders are calling for more diverse perspectives in top leadership ...

Business

Here's why Ant Group is about to shatter IPO records

Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying ...

Business

After explosive growth at Square, Chase launches own version

After watching the explosive growth at electronic payment start-ups like Jack Dorsey's Square, JPMorgan Chase has launched its own version to lure small business owners increasingly relying on technology during the pandemic.

Internet

Tech glitch takes Twitter offline

Twitter went offline for almost two hours on Thursday, in an outage that the social media platform—used by hundreds of millions worldwide—blamed on a technical glitch.

Cybercrime money-launders busted by European police, FBI

European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware ...

page 31 from 40

Accountability

Accountability is the concept in ethics and governance with several meanings. It is often used synonymously with such concepts as responsibility, answerability, blameworthiness, liability, and other terms associated with the expectation of account-giving. As an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit and private (corporate) worlds. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies including the administration, governance, and implementation within the scope of the role or employment position and encompassing the obligation to report, explain and be answerable for resulting consequences.

As a term related to governance, accountability has been difficult to define. It is frequently described as an account-giving relationship between individuals, e.g. "A is accountable to B when A is obliged to inform B about A’s (past or future) actions and decisions, to justify them, and to suffer punishment in the case of eventual misconduct". Accountability cannot exist without proper accounting practices; in other words, an absence of accounting means an absence of accountability.

This text uses material from Wikipedia, licensed under CC BY-SA