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To Whom should the Board be Accountable … and for What?

In: Management Accountability and Corporate Governance

Author

Listed:
  • Kenneth Midgley

    (Brighton Polytechnic)

Abstract

A brief analysis of a quoted company’s legal and other responsibilities to various participants is followed by a discussion of the economic function of companies and the pressures exerted on them from the stock market and elsewhere which help to focus the efforts of management at all levels towards profitability. The possibility that these pressures may not be adequate — that managers may pursue interests which are inimical to company profitability or may simply not pull their weight — leads to a consideration of means of better accountability for profit.

Suggested Citation

  • Kenneth Midgley, 1982. "To Whom should the Board be Accountable … and for What?," Palgrave Macmillan Books, in: Kenneth Midgley (ed.), Management Accountability and Corporate Governance, chapter 5, pages 61-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05944-7_5
    DOI: 10.1007/978-1-349-05944-7_5
    as

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