in business can be a means to improve results
There is a constant pressure on management from all stakeholders
to conduct business with accountability, integrity, ethics and transparency.
The Governance components should comply with the various multijurisdictional
compliance mandates that continue to derail successful business operations,
so we can prevent and detect such conduct to better their bottom lines.
In this essay, we focus on Accountability.
and Transparency are the two sides of the Governance coin
The road to achieving the transparency and accountability is paved
with a long to-do list, including the implementation of systems, processes,
controls, change management issues and implementation of an integrated
IT tool, to be transparent and accountable.
Individuals for Accountability and Corporate Wrongdoing
Both in the EU and the USA, oversight authorities have significant
issues in accepting that the corporate business community often views
penalties from antitrust, competition law or corruption and bribery
charges as a cost of doing business. The public needs to have confidence
that there is a reasonable system of justice that applies to all,
regardless of the crime being committed on a street corner or in a
Governance to create accountability and reinforce Ethics, Integrity,
Conventional wisdom dictates Good Governance improves corporate
discipline. Poor governance, on the other hand, may deteriorate the
company's fiscal position, cause damage to reputation and harm the
stakeholder interests. Instead of simply adjusting your Governance
bar and make fragmented changes to your Governance policies and procedures,
go thru the process of reverse Governance every 3-5 years to avoid
the volatility of fragmented Governance systems.