Lawson responded by demanding greater accountability, tying managers' compensation closely to financial performance within business units, and the investment performance of its fund managers.
Does the posting of 360-degree feedback indeed result in greater accountability for managers?
Calls for greater accountability from managers and corporations are regularly voiced these days, both in the academic literature and in public discussions more generally.
It can disrupt operations and undermine accountability, demoralize managers who don't get to change roles, and cost a lot to implement.
Its original aim, on the face of it, was modest: to improve the accountability of managers to shareholders, and hence to calm the raging crisis of confidence in American capitalism aroused by the scandals at Enron, WorldCom and other companies.
Drucker did say, "Work implies not only that somebody is supposed to do the job, but also accountability". If managers choose deliberately to ignore the competitive perspective, they should be held accountable.
Where's the accountability?" Six managers at Los Alamos have been placed on a paid leave of absence as a result of the latest security lapse, including the head of nuclear weapons programs, Stephen M. Younger, the highest-ranking official in the group.
Experience showed that the lack of accountability of managers often led to misspending of these funds with dramatic consequences such as frequent shortages in drug procurement.
A World Bank report in 2005 concluded there had been little progress towards meaningful autonomy and local accountability of managers in the HII pilot hospitals (which by then included others in addition to the five we studied) and noted the overall lack of benchmarks for evaluating the programmes [ 52].
These topics have potential implications for risk management (hence managers' accountability or hospital liability), but for other target-driven topics - clinical outcomes, referral rates and activity levels - EDs and NEDs equally contributed to board discussions and decisions.
