Is accountability mandatory?

Is accountability mandatory?

Responsibility is often a mandatory part of business

Responsibility means that a person or organization is responsible for their actions and their consequences. Accountability is often a mandatory part of business, as it ensures that operations are honest and transparent. The responsibility can be a statutory obligation, such as, for example, the obligation to keep accounts according to the Accounting Act or to take care of the safety of employees according to the Occupational Safety Act.

Responsibility can also be part of the company’s own values ​​and operating principles. Many companies emphasize responsible business and strive to operate in accordance with the principles of sustainable development. In this case, responsibility can be part of the company’s brand and a competitive advantage in the market.

Responsibility can also be part of an individual’s own moral compass. Even if the law does not oblige a certain action, an individual may feel a moral obligation to act in a certain way, for example to protect the environment or human rights.

In any case, accountability is an important part of society and business, and it can be used to ensure a fair and sustainable way of operating.

Sources: Yrittäjät.fi, Trade magazine