Abstract This paper focuses on the defining the role of CRO in corporate governance and to show the interrelation between the way of CRO subordination and performance of investment bank. The sample consists of observations over a period of 2011 for 29 biggest investment banks (by amount of assets) implementing world-wide investment activity. The banks are originated in the USA (8), Eastern …
This report reviews the corporate governance framework and practices relating to corporate risk management in 27 of the jurisdictions that participate in the OECD Corporate Governance Committee. Against the background of the OECD Principles of Corporate Governance, it describes how various jurisdictions have chosen to implement the Principles relating to risk management. The report analyses th…
Today’s society seems to be preoccupied with the notion of risk. The examples of the devastating flood in Pakistan in 2010, the hurricane Katrina in 2005, the so called “Mad Cow Disease” (BSE) in Great Britain, the terrorist attack on the World Trade Center in New York, and the major accident of a nuclear power plant in Chernobyl to name just a few, have gained much public attention a…
We examine the association between the provision of non-audit services and earnings quality. Because of concerns regarding the effect of non-audit services on financial reporting credibility, the Securities and Exchange Commission recently issued revised auditor independence rules requiring firms to disclose in their annual proxy statement the amount of fees paid to auditors for audit and n…
GRC is a management model that promotes the criteria unification, as well as communication and collaboration between different stakeholders in the management and control of the organization.
My work is an analysis of the regulatory state in the development. The study focuses on diffusion of privatization and regulatory authority around Europe. The contemporary regulatory state has developed as a result of political struggle that accompanied and increasingly globalized world and was in the beginning a response to the serious international economic crisis that emerged in the 1970s.Tw…
The impact of corporate governance on strategicdecisions is emerging as a key concern in contemporary businesses. In particular,governance mechanisms such as stock ownership structure and takeover defenses have major influences on strategicresource allocation in firms. In this paper, we empiricallyexamined a set of relationshipsbetween corporate governance and information technology (IT) i…
Internal control is a major part of managing an organization. It comprises the plans, methods, and procedures used to meet missions, goals, and objectives and, in doing so, supports performance-based management. Internal control also serves as the first line of defense in safeguarding assets and preventing and detecting errors and fraud. In short, internal control, which is synonymous with mana…
This series represents a response to several independent evaluations in recent years that have argued that development practitioners and policy makers dealing with public sector reforms in developing countries and, indeed, anyone with a concern for effective public governance could benefit from a synthesis of newer perspectives on public sector reforms. This series distills current wisdom a…
This book provides an overview of the principles underlying participatory budgeting. It analyzes the merits and demerits of participatory budgeting practices around the world with a view to guiding policy makers and practitioners on improving such practices in the interest of inclusive governance. This publication includes five regional surveys, and seven country case studies can be found on th…
On May 2, 1995, a group of 30 experts met in Ottawa to discuss the interrelationships between development and the governance of the international economy. They came from all parts of the world Mexico, India, the United States, the United Kingdom, Sweden, Denmark, Uganda, Pakistan, Chile, Indonesia, and, of course, Canada. The group comprised researchers, academics, and members of non-governm…
Writing this book has been on my mind for almost 15 years. In the early nineties—as dean of the School of Business Administration at George Mason University—I had the pleasure of co-teaching an executive course on corporate governance with Nell Minow, a pioneer in the field. This experience convinced me of the importance of this subject to our welfare and cemented my interest in this top…