Limitations of fail-safe system

Article Abstract:

A period of economic growth can encourage excess, particularly when growth declines and excess in turn brings failure and when that happens reforms are made to professional standards and also to practical corporate governance, yet corporate failures recur as the fundamental judgments are mistaken. Independence of thought and the ability to challenge assumptions in a constructive spirit are also needed in addition to procedures.

Management dynamics, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Reporting & Disclosure, Asset & Risk Management, Methods, Financial services industry, Risk management, Company business management, Financial statements

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Time to halt the decline

Article Abstract:

The weakening infrastructure of physical assets and public services is causing much concern among the public. The author this is because people who work in them are demoralized and are not appreciated for what they are and for what they do.

Other General Government Support, Government Enterprises-State & Local, Influence, Singapore, Public enterprises, Employee morale

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Of Higgs, Smith & Machiavelli; There is much common sense in the Higgs and Smith reports, but they won't change people

Article Abstract:

The columnist proposes that investors retain common sense about the fallibility of human beings.

Product standards, safety, & recalls, Management Development, Standards, Reports, Column, Auditing, Corporate governance, Boards of directors

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