The Accountability Horizon
One of the most important and complicated issues in the quest for better corporate governance is having a sense of where accountability sits on the horizon of the strategic business plan. Short-term thinking still plagues many a listed business, as Deutsche Bank appears to have demonstrated. The Financial Times reported earlier this week that it is to set up a €50bn ‘bad bank’ as part of an overhaul. But if you look back over the last six years or more at the governance, you might wonder at what has been discussed for years in its boardrooms.