Home EditorialFoundations for accountability

Foundations for accountability

by Yasser Akkaoui

In my 13 years of publishing Executive, we have never put a story of a corporate transaction on the front cover. Oftentimes, we just assume the worst for those who, either deliberately or not, keep their books closed and mouths shut. They provoke our minds to run wild with ideas of fraud, cooking the books, backdoor dealings and bribery — business malpractices that must be at play. “What are they hiding?”, we ask. Whether or not any of the above presumptions are true, they create a general distrust in Lebanon’s corporate world. Investors, both domestic and foreign, have grown wary and are looking elsewhere. Coupled with a crisis next door in Syria that keeps us up at night, Lebanon’s economy and its constituents are becoming exhausted. But what if we implemented transparency and accountability into standard business practice — a willingness to disclose earnings and figures for the public to

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