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Monthly Archives: September 2015
Governance in Audit firms- time for change?
See if you know the company in this story. Co-founded by 28-year-old accounting professor, in 1913, the firm quickly built up a significant reputation for integrity.This was the first firm to invest in the use of sophisticated training facilities, for … Continue reading
Board’s responsibility for Remuneration.
The financial crisis and the collapse of many corporates is blamed on ‘greed’ of corporate America. It’s a feature NOT definitely limited to America but followed in every country in the world, but more rampant in the under developed countries. … Continue reading
Board Oversight of Risk Management
Every company and financial institutions specifically are focused on internal controls over financial reporting (ICOFR), in the process neglecting risk management over the corporate strategy and it’s implementation. Failure of risk management is an important cause for many of the … Continue reading
G20, OECD issue new corporate governance code
The new G20/OECD Principles of Corporate Governance was released by the OECD on the sidelines of the G20 minister level meetings, on 5th September. The new code calls for enhanced cross-border cooperation among regulators, including through bilateral and multilateral arrangements … Continue reading
The Cow theory on Governance
Many have heard the story of the 3 cows and capitalism in different forms. It is the hypothetical situation where – Your neighbor has 3 cows, you have one cow. How does a capitalist economic systems deal with this situation? … Continue reading
Suren Rajakarier/ Governance 