Accountability matters

• Public inquiries and parliamentary hearings have become essential mechanisms for examining corporate conduct and holding companies accountable for their actions.
• Good corporate governance should include preparations for potential questioning, involving legal advisers and communication professionals to manage responses effectively.

We are living through a period of history marked by a number of global crises. Climate change, threats to human rights, and economic instability are examples of these ever-present challenges, and such challenges have placed companies under increasing scrutiny where their operations can be linked or consequential to these issues. This is a risk companies must proactively manage.

The spotlight is often pointed at the role of corporate actors, and the demands for accountability have been growing louder. With this, public inquiries and parliamentary committee hearings have become prominent ways in which conduct is examined. They allow for light to be shed on past failures and can inform future standards.