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Balancing Risk and Performance with an Integrated Finance Organization: The Global CFO Study 2008, IBM Global Business Services, In cooperation with The Wharton School and Economist Intelligence Unit

This report contributes to the emergent discussion about how businesses can better adapt to the new realities of the global marketplace. The report focuses specifically on how globalization is evolving beyond mere multinational presence in different countries to a more complex interdependent network of worldwide assets that can “optimize” resources horizontally and vertically. . . . → Read More: Balancing Risk and Performance with an Integrated Finance Organization: The Global CFO Study 2008, IBM Global Business Services, In cooperation with The Wharton School and Economist Intelligence Unit

“The Implementation of OECD Corporate Governance Principles in Post-Crisis Asia”, Justin Iu and Jonathan Batten, Journal of Corporate Citizenship, Winter 2001 at p. 47

This article analyses how the OECD Principles of Corporate Governance can be implemented in post-crisis Asia where different cultural, legal and philosophical approaches to corporate governance and economic development result in different outcomes as compared with Western corporate models. In particular, the article addresses the effects of ownership concentration on shareholder rights such . . . → Read More: “The Implementation of OECD Corporate Governance Principles in Post-Crisis Asia”, Justin Iu and Jonathan Batten, Journal of Corporate Citizenship, Winter 2001 at p. 47

Risk Management in Canada: Moving Beyond Assessment, Ernst & Young, 2006

This report is one in a series dealing with attitudes to risk and its management. The report focuses on risk assessment in Canada and is based on the results of a telephone survey of senior management conducted from October to December 2005. The results of the survey suggest that senior management recognizes risk . . . → Read More: Risk Management in Canada: Moving Beyond Assessment, Ernst & Young, 2006

The New Paradigm for Financial Markets: The Credit Crisis and What It Means, George Soros, Public Affairs, New York, 2008

This work is Soros’ latest contribution to assessing the problems with and prospects for the financial system. The book focuses on the recent credit crisis, its causes and what will be required to prevent further dramatic strains on the markets and the financial system in general. As the title suggests, Soros calls for . . . → Read More: The New Paradigm for Financial Markets: The Credit Crisis and What It Means, George Soros, Public Affairs, New York, 2008

Principles for Responsible Investment (PRI), UNEP Finance Initiative and The Global Compact (April 2006)

The PRI are 6 general principles that are intended to promote the integration of environmental, social and governance issues into investment decision-making and ownership practices of institutional investors. The proponents of these principles suggest that their implementation and adoption will improve the long-term return to beneficiaries i.e. those individuals whose money the institutional . . . → Read More: Principles for Responsible Investment (PRI), UNEP Finance Initiative and The Global Compact (April 2006)

Regulatory Responses to Failures in the Financial System: As Windows Open and Close

If recent events in the financial system are indications of inadequate corporate governance and risk management, do we know how and why the system failed? And perhaps most importantly, do we know what can be done to fix it? Why did the system fail us? Have we really created a system that is . . . → Read More: Regulatory Responses to Failures in the Financial System: As Windows Open and Close

Governance and Risk Management in Global Capital Markets: A New Problem or A Very Old One that Won’t Go Away?

As the capital markets stumble, burdened by their own apparent excessive risk appetite, there are many questions to ask. The first and most obvious question is howdid this happen. Does the fault lie with inadequate regulation of the banking industry, inadequate internal monitoring and risk modeling among those who create and market risky . . . → Read More: Governance and Risk Management in Global Capital Markets: A New Problem or A Very Old One that Won’t Go Away?

Internal Control 2006: The Next Wave of Certification – Guidance for Management

Certification by CEOs and CFOs as to the accuracy of their firms’ financial statements is required by the Canadian Securities Administrator (CSA). As a result, the Risk Management and Governance (RMG) Board of the Canadian Institute of Chartered Accountants (CICA) has put together a series of guides to help CEOs and CFOs fulfill . . . → Read More: Internal Control 2006: The Next Wave of Certification – Guidance for Management

Does Strong Governance Mean Good Governance?

The importance of corporate governance is accepted. It reduces conflicts between owners and the custodians of their money, management. It limits managers from using the firm to serve their own ends, and prevents controlling owners from unduly taking over the firm. Good governance implies better monitoring, which is understood to improve financial performance. . . . → Read More: Does Strong Governance Mean Good Governance?

Are Firms with Bad Strategies More Prone to Accounting Scandals?

Enron, WorldCom, Parmalat, Tyco. Over the past five years these names have become synonymous with financial manipulation for the purposes of personal gain. The blame for the recent explosion of accounting scandals has been placed on moral decay in corporations; and a lack of oversight by boards, auditors, investment analysts, regulators, and the . . . → Read More: Are Firms with Bad Strategies More Prone to Accounting Scandals?

 
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