Filed in archive executive pay
by leon on July 31, 2006
Auditors have been put on notice about options backdating.The Public Company Accounting Oversight Board has issued its first ever "audit practice alert" on options backdating."Auditors...
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Filed in archive Accounting
by leon on July 31, 2006
If you believed becoming an accountant would get you prestige, think again.According to the latest Harris Poll Interactive survey, which measures public opinion of 23 professions and occupations,...
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Filed in archive SOX
by leon on July 30, 2006
Today marks the four-year anniversary of the signing of Sarbanes-Oxley, arguably one of the most contentious pieces of legislation in US legislative history.It's also the most far-reaching in...
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Filed in archive litigation
by leon on July 28, 2006
Better corporate governance? Lawyers in the gun? A booming market? Or just a brief aberration?The number of new federal class-action lawsuits filed by angry investors has fallen dramatically and is...
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Motorola has scrapped its poison pill defence.The question is whether this signals a change in the corporate governance landscape and whether the pills, part of a corporate defence strategy, are...
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Women's progress up the corporate ladder is so slow that it would take them 40 years to catch up with men, according a new Catalyst study.The study found that average growth in the percentage of...
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Filed in archive Ethics
by leon on July 27, 2006
What does a business have to do restore trust? And how long does it take? Would a public apology help?These are the sorts of questions examined in a new paper out of Wharton Promises and Lies:...
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Filed in archive executive pay
by leon on July 27, 2006
In response to investor demands for more disclosure, the Securities and Exchange Commission has finally brought in rules that require US companies to come clean on the mega-sums of money they are...
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How long does it take a corporation to recover after its reputation has been damaged? More than three years according to research from global public relations firm Burson-Marsteller.According to the...
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Filed in archive risk
by leon on July 25, 2006
Imagine this. The worst case scenario happens and there's an outbreak of bird flu in your city and country. Call in the lawyers. Why?Suddenly, you have employees who refuse to come in to work...
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Filed in archive SOX
by leon on July 25, 2006
The biotech sector and small banks are the most vocal in their calls for exemptions from Section 404 of Sarbanes-Oxley, reports CFO.com.The demands for exemptions are also coming from newspaper...
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Filed in archive risk
by leon on July 24, 2006
First the good news.Fewer companies are Reporting financial loss from data breaches and the amount of money being lost is declining, according to the 2006 CSI/FBI Computer Crime and Security...
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Filed in archive Ethics
by leon on July 24, 2006
Is the Human Resources department an ethical minefield?That could become an important after the Department of Justice laid charges against Stephanie Jensen, the former vice president of HR at Brocade...
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Filed in archive Accounting
by leon on July 22, 2006
With the big accounting bodies on both sides of the Atlantic looking to overhaul leasing rules , potentially resulting in businesses to recognise liabilities they have until now kept off their...
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Filed in archive executive pay
by leon on July 21, 2006
The first executives have been charged with fraud in the stock options probe and there are more to come.The former chief executive of Brocade Communications Systems Inc, Gregory Reyes, and another...
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Filed in archive Accounting
by leon on July 20, 2006
Big company balance sheets are set to be transformed with accounting bodies on both sides of the Atlantic agreeing to begin an overhaul of accounting rules that could potentially force corporations...
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Filed in archive executive pay
by leon on July 19, 2006
Many companies exploited the 9/11 market decline to issue more stock options to their executives than they had during comparable periods in years past, according to a good piece of reporting in The...
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Filed in archive SOX
by leon on July 19, 2006
Financial control reporting provisions in the Sarbanes-Oxley Act have resulted in companies hoarding cash at unprecedented levels, according to Federal Reserve board governor Kevin Warsh.But are...
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Filed in archive Compliance
by leon on July 18, 2006
Back in May, I blogged on how the Securities and Exchange Commission had turned itself into the grammar police in its campaign for plain English.But now it seems that the SEC only wants its own brand...
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Filed in archive Accounting
by leon on July 18, 2006
Numbers all over the place.More than a year after they were imposed, chief executives and company directors in Britain are struggling to come to terms to, let alone understand, the new accounting...
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