corporate governance Archive
Warren Buffet encourages boards to develop meaningful penalties for executives who fail to fully and personally own risk control in their business. He is, of course, right. In the UK, the Combined Code expects directors and the board to own …
It’s great that Hector Sants has said that “delivery of supervision has to be done in partnership with responsible firms, shareholders and auditors.” (It’s a pity that Sants is inconsistent, but that’s another matter.) The thing is, he’s not exactly saying anything …
As I see it, those organisations that survived 2008 are only going to get through 2009 if they manage cash really carefully. Cash management is only useful if it takes into account the full range of possible risks faced by …
The essential difference between the US and the UK models of corporate governance is that, in the UK, there is a clear understanding of how board rooms work combined with a flexible, principles-based approach while, in the US, corporate governance …
Final settlement of the WorldCon case, which involved eleven outside directors contributing rather more than they received as compensation for their stewardship of the company and guardianship of the interests of their shareholders, was announced today. The directors’ settlement, announced …
In an article yesterday, a National Computing Centre survey revealed that 44 percent of IT decision-makers admitted they were not fully aware of IT standards and legal requirements, with 22 percent claiming complete ignorance of the issue! Once you include …
Recent months have seen a series of widely publicized personal data thefts from companies that ought to have known better – and, in parallel, a series of US legislative proposals for bills that would have the characteristics of both California’s …
With the exception of a small number of enlightened boards, most businesses assume that, because information technology is the functional responsibility of the IT department, IT is strategically accountable for it as well. Of course, this means that IT is …
The rapidly changing world of corporate governance (driven particularly by the UK’s Combined Code and the US Sarbanes Oxley Act) make it essential for listed companies to implement IT governance structures – common sense would argue that, if a substantial …
