INDIVIDUAL ACCOUNTABILITY AND ETHICS IN THE WORKPLACE: CASE STUDY OF SENIOR FIRM MANAGERS IN TANZANIA.
INTRODUCTION
Individual accountability simply means being accountable and accepting responsibility for your action in the course of performance. In a wider range can mean that, is the acknowledgment of responsibility for actions, consequences, decisions, and strategies including the administration, and execution within the scope of the employee position..
We depend on Managers to make mostly decision in the Firm and so it is required of them to observe compliances and ethical values. If tasks are not completed and functions of the job are not performed properly, then that individual will also be responsible for dealing with the repercussions.
Reasons circulating individual accountability.
1. To monitor excessive powers, that can be harmful as well as to protect the market by focusing on the intention of the business so to be able to control the compliances, identifying and assessing of threats.
2. To fight any sort of misconduct, that can arise by focusing on the standard of performances and taking reasonable steps to prevent all sort of breaches in our regulations so as to maintain faith and trust in the Firms business sector.
3. To hold individual senior managers accountable, when there is regulation breach and violations of the firm’s constitution, and policies. Consequences can include formal regulatory sanctions, such as the disciplinary sanction of the courts or regulators, or the imposition of legal liability through civil suits.
4. To achieve legitimacy, Individual accountability is necessary to achieve legitimacy and in particular to legitimate power by ensuring that decisions are taken in an informed, balanced and open manner.
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