Finance - Probability and Statistics Textbook

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Example text

ACCOUNTABILITY ...................................................................................................... As an aspect of governance, accountability, or its lack, has, especially during the last two decades, risen to be one of the central debating points in the political, civil society and corporate arenas. Concerning corporations, the classic text exploring accountability was written by A. Bearle and G. Means in 1933. Their article ‘Traditional Theory and the New Concept of the Corporation’ is one of the first explorations of corporations as a dominant institution of our modern world and how the depersonalisation of corporate ownership and the emergence of professional management should affect our thinking and practices on who is accountable to whom, on what and how.

According to UNEP, Agenda 21 represents a ‘global consensus and political commitment at the highest level on → development and environment cooperation’. Its successful implementation is first and foremost the responsibility of governments, through the adoption of national strategies, plans, policies and processes. However, international cooperation, public participation, and involvement of NGOs and other international, regional and sub-regional organisations are also encouraged. Virtually all aspects of Agenda 21 are likely to impact on business and AGENDA 21 ......................................................................................................

Today, the organisation campaigns for the rights of people who work in modern forms of what Anti-Slavery International considers slavery: people who are forced to work; owned or controlled by an ‘employer’, usually through mental or physical abuse or threatened abuse; dehumanised, treated as a commodity or bought and sold as ‘property’; are physically constrained or have restrictions placed on his/her freedom of movement. Key campaign issues include the enforcement of labour standards in → developing countries, the verification of fair and ethical trade labels and the issues of human trafficking, in particular in the context of the global sex industry.

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