Monthly Archives: December 2012

Fiscal Cliff and Washington’s failure in Governance.

Republicans ask 88% of US households to pay higher taxes, with income tax rates set to increase at midnight New Year’s Eve. Negotiations broke down after Democrats rejected a GOP proposal (later retracted) to trim Social Security payments. Republicans had spent … Continue reading

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INSIDER DEALING

It was not long ago that a large investor in the Sri Lankan stock market publicly declared that, ‘there is nothing wrong in insider dealing because we all do it’, and this was in the presence of all the regulators … Continue reading

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“A business that makes nothing but money is a poor kind of business”

Today’s post is on’Business Ethics‘ which can be defined as; Moral guidelines for proper business policies and practices regarding corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities for good behavior. Behaving ethically in business is widely regarded as … Continue reading

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Governance and Social Responsibility 

To do business we use the resources in the community and when we earn a profit we pay taxes and that is used by governments to create the infrastructure required for businesses. By creating employment and encouraging production and using … Continue reading

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Corporate Governance measurement

Good governance practices should be promoted so that companies keep improving in small steps. It’s important to have ‘small wins’ in terms of policies,processes, disclosures and then actual implementation of these measures to achieve sustainable development. In 2011 and 2012 … Continue reading

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How independent are Independent Directors?

One way of improving the governance framework in companies is by having more “independent” directors on boards. Despite the view that directors who have no stake or share in the upside of the company may not be sufficiently motivated to … Continue reading

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Why art thou looking for the Auditors?

In the ongoing economic global crisis facing countries, financial institutions and many other corporates around the world, many who cant avoid or transfer their risks are fast becoming extinct. Regulators and markets are wondering how to stall this slide which … Continue reading

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