In the Trueblood Committee Report, the meaning of the word accountability is limited to the functions of safekeeping of assets and ensuring that they are used in accordance with investors' purposes.

Question

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The Trueblood Committee Report expands the definition of accountability to include not only safekeeping of assets and ensuring they are used in accordance with investors' purposes, but also accountability for the company's performance and adherence to ethical standards.

In the Trueblood Committee Report, the Meaning of the Word