More than three million people serve on boards and audit committees in the U.S. alone. But huge risks come with these coveted jobs. SEC scrutiny is at an all-time high, with boards and audit committees now held liable to for acts of fraud and other corporate malfeasanceaeven if they had no knowledge of wrong-doing in the organization. This essential guide mitigates the risks and dramatically increases the effectiveness of boards and audit committees by uncovering 10 crucial steps every governing body should take, including: ac Cultivate independence ac Build a balanced team ac Leverage independent advisors ac Address stakeholder concerns ac Direct the external audit ac Approach risk proactively ac Spearhead fraud deterrence initiatives ac Promote accountability ac And more Comprehensive and practical, this book simplifies complex corporate governance standards, and helps readers satisfy the requirements of board service while protecting themselves and the organization.When speaking to former directors, be aware of biases. Vicki Medvec of the Center for Executive Women ... has outdated corporate governance practices. For exama ple, the board policy manual may have last been updated fifteen years ago.
|Title||:||The Board of Directors and Audit Committee Guide to Fiduciary Responsibilities|
|Author||:||Sheila Moran, RONALD KRAL|
|Publisher||:||AMACOM Div American Mgmt Assn - 2013-07-24|