Accountability of senior accounting officers requires finance directors to ensure their firms' financial statements are accurate, and is said to have raised at least £40m.
TRIPOLI, LIBYA — When I first met Mustafa Abdel-Jalil, now the chairman of Libya's Transitional National Council, in April 2009, he was the beleaguered justice minister in Muammar el-Qaddafi's Libya, virtually the sole brave voice among senior officials demanding accountability from the country's security services.
Co-authored with Gemma Oberth, Senior Researcher, AIDS Accountability International, Cape Town, South Africa.
Drafted to help prevent another Enron, Sarbox, as it's become known, focused on much stronger accounting oversight at firms, more auditor independence and more accountability for senior executives, who would have to sign off on their firm's financial reports.
Muhammad Hanif Atmar, the interior minister, has pushed for greater accountability by senior police officials.
"But for any changes to succeed, they must embrace responsibility and accountability at senior levels, which hasn't happened in this case".
In the study of training, standards, accountability of senior officers, diversity and morale, the committee said national standards needed to be devised by the College of Policing.
Instead he focuses on a system reset with better warning signals, criminal penalties for not acting on breaches of fundamental standards and greater accountability of senior managers.
His criticisms follow inquiries made of the bank's chairman Douglas Flint after Sky News reported that "sources close to the situation said that the likely departures [of Alan Thomson and John Trueman] were a direct consequence of... proposals to strengthen accountability for senior bankers".
Instead, he focuses on a system reset with better warning signals, greater accountability of senior managers and leaves NHS staff facing possible criminal prosecution if they are not open and honest about mistakes.
