Accountability of Corporate Boards in Finland
Virtanen, A., & Takala, T. (2016). Accountability of Corporate Boards in Finland. Management Research and Practice, 8(1), 5-24. http://mrp.ase.ro/no81/f1.pdf
Published inManagement Research and Practice
DisciplineBasic or discovery scholarshipJohtaminenLaskentatoimiBasic or discovery scholarshipManagement and LeadershipAccounting
© Management Research and Practice, 2016. This is an open access article published by Academia de Studii Economice din Bucuresti.
This paper focuses on accountability and reporting from a corporate governance (CG) perspective. Drawing on a theoretical framework, empirical analysis was conducted on a dataset collected using a questionnaire implemented with a sample of board members of Finnish listed companies. We had two study questions. 1) To whom are the board members accountable? and 2) What information is required to deliver adequate reporting to meet accountability requirements? The findings show that board members are accountable to shareholders and stakeholders, and their accountability encompasses responsibilities to society and the environment. They see that current financial reporting does not provide sufficient information on ethical, environmental and societal issues. Focusing on board accountability, the study provides empirical evidence to support the concept of accountability and explains the relationship between accountability and reporting in the Finnish context.
PublisherAcademia de Studii Economice din Bucuresti
Publication in research information system
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