ACCOUNTABILITY AND ETHICSIntroductionThe corporate world, governments, and enterprises are faced with the challenge ofbalancing ethical quandaries and responsibility in the face of commercial opportunity. In essence,the firm does not function in a vacuum; rather, both the local and worldwide communities wantthe business to follow the rules that they believe are good and reasonable (Bouten & Hoozée,2013). In this sense, the corporation should make an effort to strike a balance betweenenvironmental and social responsibility and financial advantage.Organizations must account for their operations in order to fulfill their corporate socialand environmental responsibilities. Any harm done to the community as a result of the companyventure is unethical and demonstrates corporate failure (Bouten & Hoozée, 2013). In thatinstance, the company should guarantee that all of its actions are in accordance with the societalexpectations and ethical principles established by international regulating authorities.Every society's morality is different. In this regard, the corporation establishes the ethicalprocedures and regulations that control the organization and its personnel to behave precisely(Mcmurray, Li, & Sy, 2018). Furthermore, in every action that the business does, society andother stakeholders require accountability: the people to whom the corporation has delegatedresponsibilities should do so with the utmost discretion. These ensure the company's long-term
