In a spate of corporate scandals, the Sarbanes-Oxley Act of 2002 was brought into force. The Act requires that companies encourage employees to come forward with information regarding potential corporate fraud. The paper examines this issue. Some other measures to check uncertain situations in business are also discussed.
From the executive summary: ‘Remarkably, despite the recent spate of accounting scandals, most companies are still not prepared for potential exposures to vulnerability. According to the research, companies have not taken the necessary steps to ensure protection and preparedness in case of a financial crisis.’ Most organizations believe that morality...
Outsourcing involves sub-letting a non-core business activity by an organization to an outside firm for implementation. It is a strategy to achieve optimal costs and enhanced efficiency. In recent years, outsourcing strategy in the banking domain has witnessed a spate of security risks. The paper avenues that banks are following...
The Job scenario has never been better than in the recent past. Especially after the lull that followed leaner years, this year is turning out to be really a wish come true for job seekers. With the manufacturing and software engineering industries doing so well, these growth vehicles are back...
Through most of a grim bear market, a spate of mutual fund scandals and - not a moment too soon - the equity comeback, the U.S. money management industry has remained remarkably profitable. But a study on asset managers tells a decidedly cautionary tale. It points out that the industry...
In recent years, a spate of corporate irregularities necessitated the formulation of an Act to keep a check on the same. The Sarbanes-Oxley Act of 2002 seeks to streamline corporate governance framework and overhaul financial operations in organizations. The paper presents a complete documentation of the entire provisions of the...
A spate of corporate frauds, in recent years, necessitated the formulation and passage of the Sarbanes-Oxley Act of 2002. The Act seeks to streamline financial reporting procedures in organizations. It lays down definitive rules for the same. The paper examines this issue. It also discusses the provisions of the Act...
A spate of corporate scandals necessitated the passage of a recent Act. The Act addresses issues dealing with financial reporting, corporate ethics, and accounting practices. It entrusts audit committees with the job of establishing procedures for handling audit-related complaints. The Act requires a code of ethics for complying with the...
By now, anyone with more than a passing interest in the private equity industry is aware of the recent spate of initial public offering filings for business development companies that have taken place following Apollo's success in raising $930 million in April. What does this mean for the industry? Are...
After a spate of financial frauds in the corporate sector, the need was felt for a regulatory mechanism to rein in such irregularities. The Sarbanes-Oxley Act of 2002 lays down new financial, accounting, and Corporate Governance standards for public companies. The Act seeks to streamline financial procedures in organizations. The...
The US pharmaceutical industry is attracting unprecedented flack at present and the public's trust has been damaged. The sector must now work to repair its reputation. The last five years have proved a bitter pill to swallow for the US pharmaceutical industry. Growing public discontent with drug prices has seen...
According to a survey from software-solutions provider Trema, which interviewed 100 asset managers and found more than 50 percent ranked reduction of operational risk as of medium to high importance. Only five percent said it was not. It is not surprising operational risk has jumped to the forefront. A spate...
Content management and a spate of related technologies are converging into what Gartner calls smart enterprise suites SES. According to the research report, "Magic Quadrant for the Smart Enterprise Suite, 2004," enterprise content management as well as portal vendors are incorporating collaboration, records management, expertise location, business intelligence and analytics,...
In a spate of corporate scandals, the Sarbanes-Oxley Act of 2002 was brought into force. The Act requires that companies encourage employees to come forward with information regarding potential corporate fraud. It prohibits employers from retaliating against employees who provide such information. The paper examines the provisions of the Act...
Due to a spate of corporate frauds, in recent years, there arose a need for a regulatory mechanism to check the occurrence of the same. The Sarbanes-Oxley Act of 2002 was enacted to address the aforesaid issue. The Act seeks to streamline financial and Corporate Governance frameworks in public companies....
The recent spate of corporate disasters almost defies understanding. Some of the largest and most respected companies in the country have imploded or have paid a huge penalty in the markets and the courts. Most of these companies are very actively traded and closely watched by rating agencies and securities...
Felix Salmon submits: You might recall that about three weeks ago, there was a mini-spate of articles about how leaks imperil M&A deals. Here's a typical one, from CFO.com (not to pick on them in particular, there were many others). Here's how it reported the contents of a new...
From the executive summary: ‘These days, it is no longer enough for CFOs to raise money, shape strategic planning, and oversee management initiatives. Indeed, with the recent spate of corporate accounting scandals, boards of directors have put finance chiefs on notice. The message coming from boards is an attention-grabber, too:...
Although leadership development issues pertaining to executives with responsibility for general business management have been thoroughly researched, there has been very limited research available on how companies identify, select, develop and retain top talent within the office of the CFO and the overall finance function. Within this context the article...
The latter half of the 1990s saw a surge in foreign direct investment in emerging market economy EME banking sectors. The majority of this was driven by a spate of mergers and acquisitions between developed country institutions and EME banks. The pace and intensity of these developments has attracted much...
