Corporate Responsibility

Alter Ego
The term 'Alter Ego' refers to a legal doctrine that allows courts to disregard the distinct legal identity of a corporation and hold its shareholders or directors personally liable for corporate actions.
Aw-Shucks Defense
A legal defense in which a senior executive claims ignorance of fraudulent or otherwise unlawful practices within their company. Famously coined during the 2005 trial of Bernie Ebbers, founder of WorldCom.
Environmental Costs in Accounting
Comprehensive overview of the various categories of environmental costs and their implications for businesses in ensuring environmental stewardship.
Stakeholders
Stakeholders are individuals or groups with an interest in an organization, such as shareholders, employees, suppliers, customers, and members of the community. Stakeholder theory seeks to incorporate the interests of all stakeholders in business activities and decisions.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.