Investors, citing the need for management accountability, usually frown on companies whose directors are beholden to the chief executive.

The board has a responsibility to enhance shareholder value, assess and monitor risk, and ensure management accountability.

I like the emphasis on management accountability.

He has indicated a strong commitment to management accountability through the use of standardized tests.

Shareholders in the United States have been calling for greater management accountability.

In order to enhance management accountability, budgets were allocated to units.

The company has since strengthened its emphasis on safety procedures and management accountability, he said.

But the board felt the latest troubles indicated more management accountability was needed, according to a person close to the company.

For the last decade, the council has led the campaign for more management accountability and more independent boards of directors.

"Huge progress has been made in Europe in the last five years in terms of management accountability and transparency to shareholders," he said.