Monthly Archives: June 2013

The fault of the Baby-Boomers.

Baby Boomers are predominately in their 50s and 60s, now. They are well-established in their careers and hold positions of power and authority. At the same time the world continues to be rocked by scandals and unethical behavior caused by … Continue reading

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Governance and Islamic Finance

Islamic Finance has been emerging as an alternative finance segment of the global financial system, for the past few years. The principles used are based on Shariah principles that are consistent with the good governance frameworks that countries have been … Continue reading

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The Top 10 Reasons Not to Hire Competent People

By Lou Adler (@LouA) is the best-selling author of Hire With Your Head (Wiley, 2007). His new book, The Essential Guide for Hiring & Getting Hired, (Workbench, 2013) has just been published. I copied these reasons because I found it … Continue reading

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Improper Asset Valuation and Financial Reporting Frauds.

The Directors, CEOs and CFOs in many companies use at least one of the following items to window dress the balance sheets. Improper asset valuations take many forms in one of the following classifications: (a)Inventory Valuation (b)Accounts Receivable (c)Business Combinations … Continue reading

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Is Governance different in Publicly listed companies?

Public companies are subject to many requirements and that’s why a governance system has to be put in place. This includes the structure, composition, and responsibilities of their board and specific committees. For example, specific requirements for audit committees, nomination … Continue reading

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Frauds and Related party transactions

There are many types of related party transactions that might potentially be used to misstate financial reports. The most frequent type of transactions that require regulatory action are; concessionary loans to related parties, payments to company officers for services that … Continue reading

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Be Popular and Be Effective

How many times have you heard that, “Managing your employees is not a popularity contest.” Many leaders love to be liked, so much so that they often make the mistake of basing management decisions on what will be “popular” instead … Continue reading

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Poverty and Governance

Is the UN going to recognise the need to build “open and accountable institutions for all” as a goal to succeed MDGs? It would be a game changer to put governance so high on the development agenda of countries. A … Continue reading

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Corporate Governance in Developing countries.

Lee Kuan Yew was optimistic about the economic future of developing countries: “There is no reason why third world leaders cannot succeed…if they can maintain social order, educate their people, maintain peace with their neighbors, and gain the confidence of … Continue reading

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Discipline for Governance

Whether to govern a nation or to govern a company or even to keep your home in order discipline would be very important. Discipline allow all activities to take place in a proper fashion. If there is discipline on the roads … Continue reading

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