CorporateMOM,
Corporate Management Orbiter Mission.
Podcast Episode #70 Corporate Atomic Structure
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Measuring Corporate Governance
1. Corporate Atomic Structure
My letter to PM:
Measuring Corporate Governance.
Recommending to Establish ICGI : THE Institute of Corporate Governance of India, [As a Statutory Body under an Act of Parliament]. I followed it up sending by eMail to the FM Smt. Nirmala SItharaman.
As I mentioned that we can take it forward as deemed fit in days to come from all stakeholders of good Governance. Let it take its own time now that I have got the ball rolling.
In my submission I have given a number of issue area including details of my work. Here as a follow-up I am providing with one part of my submission to the PM.
1. Corporate Atomic Structure
Being in the Accounting profession since 1966 I am fully aware of the limitation accounting faces managing corporate affairs. We have created a flat organization structure. A petty shop employing a clerk or gumastha of yester years uses a simple cash book. When it develops into a huge organization we continue to do the same like a spreadsheet adding one additional column for each fresh transaction. P&L and Balance Sheet are nothing but an expanded cash book.
The flat organization structure needs to be changed. Level playing field means the workforce as a whole are measured for individual perfomance, not limited to one CEO and 15 VPs. The hierarchical one-man call centre has failed. Workforce is the energy force, make the best use of them. As part of the proposal on corporate governance I am giving one-part – corporate atomic structure.
Take a look.
Regards,
Jayaraman
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