CFO India in collaboration with ACCA conducted an online survey among senior finance heads to find out their concerns regarding the state of corporate governance in organizations. A report...
Recent failings of corporate governance have been well documented and indicate an urgent need for corrective action. Be it the corporate collapses at Enron in 2001 and WorldCom in 2002 or the 2008 global financial crisis, all point to the need to step on the gas in order to improve governance among corporations. The roll call of corporate failures demonstrates that in many cases the blame could be put squarely on lack of governance and moral compass in corporations, 50% says Derek Sommerville, CFO, ACCA. He respondents say CFOs emphasizes that good governance will help are responsible in companies develop a structure of oversight and their organisations for gain corporate leadership to navigate periods collating information of uncertainty. to satisfy governance related compliance
This story is from the October 2016 edition of CFO.
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This story is from the October 2016 edition of CFO.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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