ITPEC FE Morning April 2022 Question 75
ITPEC FE Morning April 2022 — Question 75 of 80
The correct answer is (a). Accountability at the executive level means the company has an obligation to explain the content and results of its business activities to shareholders and other stakeholders (e.g., employees, customers, society). This is the core definition of corporate accountability (説明責任).
Why not others:
- (b) Describes environmental accounting — quantifying and disclosing environmental costs as financial data. A separate concept from accountability.
- (c) Describes disclosure or IR (Investor Relations) — the timely provision of investment-relevant information. This is a subset/tool of accountability, not the definition of it.
- (d) Describes compliance — managing the company according to laws and ethical rules. Related but distinct from accountability.
Key rule: Accountability = the duty to explain business activities to shareholders and stakeholders. Compliance = following rules. Disclosure = sharing financial data. Don't mix them.
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