Three financial turmoil jarred business and nonprofit worlds in the past 20 years. But the appropriate governance reforms, such as the Sarbanes-Oxley act of intermediate sanctions, and new rules for the exchange, just get a job. Consequently, the internal information management board is not achieving what it should be. The use of codes of ethics should be given more attention. Directors extended time requirements. Council agenda is more extensive and committees, especially the audit team, are more common. Prospective directors should develop robust due diligence processes. Excessive dependence on directors and officers liability policy should estimate. All this leads to one conclusion:. Management reform has a long way to go before "Hide
by Eugene H. Fram Source: Business Horizons 5 pages. Publication Date: November 15, 2004. Prod. #: BH148-PDF-ENG
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