|meg·a·lo·ma·ni·a [ mèggəlō máynee ə, mèggələ máynee ə ]|
|1. greed for power: an excessive enjoyment in having power over other people and a craving for more of it|
|2. psychiatric disorder with delusions of power: a psychiatric disorder in which the patient experiences delusions of great power and importance|
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WORD FOR DEC 13, 2010
Accountability is a concept in ethics and governance with several meanings. It is often used synonymously with such concepts as responsibility, answerability, blameworthiness, liability, and other terms associated with the expectation of account-giving. As an aspect of governance, it has been central to discussions related to problems in the public sector, nonprofit and private (corporate) worlds. In leadership roles, accountability is the acknowledgment and assumption of responsibility for actions, products, decisions, and policies including the administration, governance, and implementation within the scope of the role or employment position and encompassing the obligation to report, explain and be answerable for resulting consequences.
As a term related to governance, accountability has been difficult to define. It is frequently described as an account-giving relationship between individuals, e.g. “A is accountable to B when A is obliged to inform B about A’s (past or future) actions and decisions, to justify them, and to suffer punishment in the case of eventual misconduct”., Accountability can not exist without proper accounting practices, in other words absence of accounting means absence of accountability.