Although‚ the meaning of accountability is being held answerable for accomplishing a goal or assignment‚ it often connotes punishment or negative consequences. When organizations use accountability only as a big stick for punishing employees‚ fear and anxiety permeate the work environment. On the other hand‚ if approached correctly‚ accountability can produce positive‚ valuable results. The positive results of practicing a constructive approach to accountability include: • improved performance‚ •
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76 December 2004 31042 SOCIAL ACCOUNTABILITY An Introduction to the Concept and Emerging Practice Carmen Malena‚ with Reiner Forster Janmejay Singh Abstract This paper highlights the World Bank’s growing interest and involvement in social accountability initiatives‚ which derive from its core goals of promoting poverty reduction and effective and sustainable development. It addresses five fundamental questions: (i) what is social accountability; (ii) why is it important; (iii)
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Accountability vs. Efficiency The Struggle to Find a Balance Between Responsibility and Effectiveness Accountability is the essence of our democratic form of government. It is the liability assumed by all those who exercise authority to account for the manner in which they have fulfilled responsibilities entrusted to them‚ a liability ultimately to the American people owed by the government and thus‚ every governmental department and agency. Without it‚ power in the hands of the wrong individual
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Accountability What is accountability? The obligation imposed by law or lawful order or regulation on an officer or other person for keeping accurate record of property‚ documents‚ or funds. The person having this obligation may or may not have actual possession of the property‚ documents‚ or funds. Accountability is concerned primarily with records‚ while responsibility is concerned primarily with custody‚ care‚ and safekeeping. Why is accountability important to the Army? Accountability is
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Public Accountability: The Philippine Experience Introduction Under a democracy such as in the Philippines‚ the people’s fundamental faith in the integrity of political institutions is what holds the system together even under the most difficult times. The present situation in the Philippines is a test of this principle. Whether or not the test is passed with success is a matter yet to be seen. However‚ at this stage‚ what could be gainfully learned from present experience is the knowledge
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ICEVBM Project Report On CSR Practices followed in ITC Submitted To: Submitted By: - Section J Ms. Rachna Madaan Akshay Seth(PG20102448) Pankaj Wahi(PG20102500) Introduction “We believe that are corporate strategy which embraces societal development as an integral part of our mission of wealth creation
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between Courts and citizens are essential to constitutionalism. Thus accountability must be comprehensive to include not only the politicians‚ but also the bureaucrats‚ judges and everyone invested with public power. Accountability is the sine quo non of democracy. Transparency facilitates accountability. No public institution or public functionary is exempted from accountability although the manner of enforcing accountability may vary with the nature of office and the functions discharged by the
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objective of this Standard is to establish principles for reporting financial information by segments. The disclosure of this information will: (a) help users of the financial statements to better understand the entity’s past performance and to identify the resources allocated to support the major activities of the entity; and (b) enhance the transparency of financial reporting and enable the entity to better discharge its accountability obligations. Definition of a Segment A segment is
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The importance of accountability In the army accountability is everything. The definition of accountability is an obligation or willingness to accept responsibility or to account for ones actions. You have to have accountability for everything you do formation ceremonies to the items that you carry on you every day I’m going to give you 5 examples of when and why accountability would be very important example one having accountability of your soldiers if you are a NCO you always need to know
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Chapter 5 Reporting and Disclosure Discussion Questions 1. Transparent financial reporting means that timely and accurate disclosures are made on all important matters affecting a company’s financial position and performance. It implies openness‚ communication‚ and accountability. Transparent financial reporting protects investors because nothing is hidden from them. Investors can better assess the risks of owning securities when information is truthful and complete. Transparent financial
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