Tough questions

Article Abstract:

Good corporate governance is key to the continued success and survival of all enterprises regardless of size and requires that corporate directors ask tough questions and demand answers about the risks and degrees of risk faced by their organizations. Neglecting to ask the right questions about pertinent matters, such as the safety of pension plans, solvency of insurance carriers and environmental risks of resource exploration can lead to disastrous consequences. Accountants can play a significant role in ensuring that these tough questions get asked and are answered.

Organizational Methods NEC, Analysis, Business enterprises

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Continuous change

Article Abstract:

Most organizations implement change processes to be able to operate more effectively. Yet most that do so find themselves having to undergo the process again within a few years. Effective organizational change means keeping realistic expectations about the nature of change in mind. Change-in-progress is a notion which needs to be accepted as a continuing part of corporate life, since entities need to constantly adapt to changing conditions in the existing business climate.

Business Methods, Planning & Information, Evaluation, Human resource planning, Business planning, Information management, Reengineering (Management)

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Message in a hologram; properly functioning internal control systems can improve the viability of today's organizations and industries

Article Abstract:

Four control forces exist within the corporate structure that resolve conflicts arising from managerial decisions. These control forces include the capital markets; legal, political or regulatory systems; product and factor markets and internal control systems. Among the four control forces, internal control system is the most viable approach in improving a company's operations. A discussion of the key developments in enhancing internal control is presented.

Corporations

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