The Corporate Director's and Officer's Practical Guide: Managing Ethically and Reporting Clearly
David H. LawrenceISBN: 0972467106;
The Corporate Directors and Officers Guide Prologue In the summer of 2002 confidence in corporations, banks, capital markets, financial institutions and business professionals in general, has been shaken to its very core. The collapse of companies such as WorldCom and Enron, and the restatement of earnings by such pillars of corporate success as AOL and IBM, has created suspicion and worry within the financial markets. Damage control and developing new prevention initiatives have become the tasks of nearly everyone involved within corporate America, including the FASB (Financial Accounting Standards Board), SEC (Securities and Exchange Commission), NYSE (New York Stock Exchange) and the US Congress. The overwhelming reaction has been for more regulation and more policing. Many good corporations are keeping a low profile, being careful not to incur collateral damage. This crisis has inflicted significant damage to the USA and world financial markets not to mention...
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