2019
DOI: 10.1017/9781108781138
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Trust, Accountability and Purpose

Abstract: The collapse of trust can be found across all of our institutions but most of all in finance. This Element seeks to answer an existential question: how to rebuild trust in distrusting times? Integrity, responsibility and accountability must be embedded into corporate mission statements, values and codes of conduct. Through organisational and regulatory design across five interlocking themes - legal, regulatory, managerial, ethical and social. What is required is substantive rather than technical compliance; wa… Show more

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Cited by 13 publications
(2 citation statements)
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“…Under the stakeholder theory approach, companies must consider the interests of stakeholders to achieve legitimacy to enhance their competitiveness (Bansal, 2005). The development of SO entails implementing sustainability actions and practices that enhance the company's reputation, attracting and satisfying customers and other stakeholders who are sensitive to social and environmental sustainability (O'Brien, Main, Kounkel, & Stephan, 2019). Thus, the development of practices aimed at saving energy, reducing waste, hiring employees from the local community or reaching agreements with local suppliers can have a positive impact on their stakeholders (Benavides-Velasco, Quintana-Garcı ´a, & Marchante-Lara, 2014).…”
Section: Sustainability Orientation and Sustainability Performance Fr...mentioning
confidence: 99%
“…Under the stakeholder theory approach, companies must consider the interests of stakeholders to achieve legitimacy to enhance their competitiveness (Bansal, 2005). The development of SO entails implementing sustainability actions and practices that enhance the company's reputation, attracting and satisfying customers and other stakeholders who are sensitive to social and environmental sustainability (O'Brien, Main, Kounkel, & Stephan, 2019). Thus, the development of practices aimed at saving energy, reducing waste, hiring employees from the local community or reaching agreements with local suppliers can have a positive impact on their stakeholders (Benavides-Velasco, Quintana-Garcı ´a, & Marchante-Lara, 2014).…”
Section: Sustainability Orientation and Sustainability Performance Fr...mentioning
confidence: 99%
“… 23 Preventing such excesses is precisely why we have many forms of regulation (O'Brien 2019 ; Lin, 2019 , at 551). …”
mentioning
confidence: 99%