To what extent do finance leaders feel they should be accountable to shareholders, regulators, taxpayers and society at large? Have their views on accountability changed as a result of the 2007 financial crisis? How do perceptions vary between regions, industry segments or job functions? And what impact does becoming more socially responsible have on decision making – especially when it comes to risk management, compliance and transparency?
This Economist Intelligence Unit report offers some candid perspectives on accountability from more than 350 C-level executives, primarily in the banking and insurance industries.Their responses to these and other direct questions may surprise you – and certainly will support the idea that the debate over what constitutes accountability in financial services is far from settled.