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Governance and Accountability of Public Risk
Author(s) -
Andreeva Galina,
Ansell Jake,
Harrison Tina
Publication year - 2014
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/faam.12036
Subject(s) - accountability , corporate governance , risk governance , business , stakeholder , network governance , government (linguistics) , risk management , project governance , public administration , public relations , political science , finance , linguistics , philosophy , law
Risk represents the unknown future: an intangible commodity. Public risk may affect any part of society and government is expected to respond, implying a need for governance and accountability. Public risk governance though is complicated by the multiplicity of different stakeholders and the network of interactions. We explore public risk governance through the actors involved in public risk governance and accountability. Through synthesis of the related and theoretically consistent concepts of governance, stakeholder theory and social network theory we develop the concept and underlying principles of ‘knowledgeable supervision’ as a means of public risk governance.