Company SOS Governance Ratings – CorporateMOM
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Podcast Episode 55
Company SOS Governance Ratings – CorporateMOM
During January 2024, Attending Vibrant Gujarat Global Summit 2024 I brought into focus the need for:
1. Investor Assurance,
2. Investment Opportunities,
3. Promoting Consulting Firms,
4. CorporateMOM – Certification Scheme.
There were several papers well received by major Audit, IT, and Consulting Firms. Continuing on the Constructive Collaboration I am looking at the Rating System for qualitative elements of management. Out of 200 process blocks 188 constitute qualitative elements of management that are there but in limbo, uncared. Only 12 quantitative elements are shown under the P&L and Balance Sheet we keep hammering around. Any Tom, Dick, and Hindenburg can take any major company to the cleaners upsetting a major stock market. The fault lines are too apparent. We have seen how VC Funding has derailed the startups’ initiatives. At a time when India is embarking on a major economic revival, we lack the basic knowledge base as to how a company without hindrance moves forward.
Corporate history since the Industrial Revolution has been an enormous growth in freedom of enterprise, economic prosperity, innovation, and technical and intellectual advancement. We are looking at the capability model in the industry. But, it has also furthered the stoking of greed, a slow and sure decay of morality and social order culminating in high unemployment. This is the cause of instability.
In episode 55 “Company SOS Governance Ratings – CorporateMOM” I offer a rating system with everlasting metrics and benchmarks. Whether a startup looking for VC Funding for the startup or a company going for private equity or a major company is going for an M&A, the one that is common and would decide the success of the initiative is SOS Governance DD. Without Governance DD with a mere Fin DD, the Investor Assurance doesn’t happen. Investors have to insist on SOS Governance DD.
What gets measured, gets managed is at the top of the 5 Principles IBCM enunciates. IBCM is Inactivity Based Cost Management. Activity has a cost incidence whereas inactivity has a cost consequence. Measure cost consequence Now, Now, Now, is the theme. I am giving in this episode 55 qualitative elements of process blocks 158 of them that are critical for measuring and assessing a company’s progress. The future of companies depends on these SOS Governance Ratings. Do not limit your ERP to just quantitative expand to include qualitative elements, SOS Governance Ratings System enables.
EPP Effort Per Person is the goal set for everyone, is the goal congruence.
If you take one big conglomerate like Reliance, Adani Enterprises, Tata Group or TVS Group the qualitative elements are common for the group whereas quantitative elements are special to respective business segments. The qualitative elements are common on a national grid of governance. Stock markets would not be greatly affected by the adverse variance in quantitative aspects but in qualitative aspects. That assurance of CoBP – Code of Business Principles adopted by individual companies would take them ahead of foreign competition.
Investment opportunities for Indian companies grow exponentially. Consulting firms can do their bid to promote such companies. I shall stand by the certification scheme for SOS Governance Ratings. Companies be certified.
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