Accountability Quote by Adrian Cadbury
“Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.”
About This Quote
Source Book: Management: Tasks, Responsibilities, Practices, Adrian Cadbury, 1974
Good governance balances economic efficiency with social responsibility, ensuring accountability and resource stewardship for all stakeholders.
In simple terms: Balancing profit, people, and planet through accountable governance.
Key Takeaway
Implement policies that align profit with societal good.
Themes
governance
accountability
stakeholder
balance
ethics
Mood
analytical
strategic
Type
business
philosophical
When to use this quote
- company board meetings
- policy drafting
- CSR initiatives
Key Concepts
corporate responsibility
resource allocation
social equity
Questions to Reflect On
- How can you measure social impact effectively?
- What mechanisms ensure accountability?
A Different Perspective
Balancing diverse interests can slow decision‑making.
