And I believe the right way to do it is to live up to an old-fashioned principle of shared responsibility.

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But, under the present law, the new principle of management responsibility will have to be adapted to fit the rulebooks of each of the seven existing regulators.

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It's a proposal that is fundamentally at odds with the conservative principle of individual responsibility, and is the latest in a string of public spats conservatives have had over the years and in this election with their party's standard bearer.

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When it came to implementation, the Group proposed supporting a "quality process", the principle of flexibility and acceptance of shared responsibility for success or failure.

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The final important principle of reform is to rediscover our sense of personal responsibility.

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As a result, we spent a lot of time and resources to ensure that we identified and worked with entrepreneurs that not only had sound and scalable business ideas, but equally as important, that they had social and community responsibility built in as a core principle of their business model.

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