Abstract: In the wake of recent calamitous falls in share prices and the collapse of many well-known corporations the way that businesses are managed has been questioned as never before. From ‘financial engineering’ to the ‘bonus culture’ the traditional ‘command and control’ management model is now well past its sell-by-date. But what should take its place? In this introductory paper we suggest that a new accountable and transparent organization needs to be the aim of business leaders. We also suggest a number of principles on which it should be built.