In this podcast, James Beasley, Senior Director at Nasdaq Governance Solutions, discusses the concept of individual accountability, which was first developed in the financial services sector. James explains that to apply the concept an organisation will undergo a process of defining and communicating its senior individuals’ accountabilities. James considers whether the lessons learned in financial services from applying this regime could be extended to other sectors, arguing that outcomes such as a sense of responsibility coupled with a strong degree of clarity could be universally beneficial. James suggests practical steps that company secretaries or governance professionals and their boards can take to implement individual accountability at their organisation.

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