Corporations are increasingly seeking corporate accountability. There have been a growing number of principles, standards, measurement tools, and guides for reporting, stakeholder engagement, and assurance to aid corporations; many of which are discussed here. Yet corporations are faced with a confusing array of competing protocols and a complex challenge in defining how to navigate the process to improve accountability. Path-goal theory offers a perspective which allows us to present a simplified 3-step path to guide corporations. However, path-goal theory also reveals problems inherent in the current approach, namely, an ambiguous situational context and lack of leadership that is directive, task-oriented, and that clears obstacles on the path toward corporate accountability.
© Journal of Business Insights and Transformation, 2012.
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Author Posting © Journal of Business Insights and Transformation, 2012. This article is posted here for personal use, not for redistribution. The article was published in Journal of Business Insights and Transformation, Vol. 4, Iss. 3, Janurary, 2012, http://www.ijbit.org/index.php