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Searching For Accountability In Corporate Governance

Accountability for business performance appears to be shifting irrevocably, albeit more slowly than that desired by the investor community. Historically, the performance of the enterprise rested at the feet of the CEO. Boards reported the performance of the business to shareholders and, on occasions, their broader stakeholder community. They rewarded or dismissed their CEOs on the basis of that performance. It was the CEO who was held accountable for performance by their board