Governance = Resolving Paradox


Search for intangible

Protons, anti-protons, electrons, positrons etc. are the terms of the scientific community and one shall trust them as one has from Newton to Darwin to Einstein and leave those terms without affecting the day-to-day life of a common man. Business management too have those extra-ordinary terms to prove a point, such as Pearson Correlation and beta transformation to justify the bribery or perception index. The Governance has the framework of Government of the people, by the people, for the people as the constitution, words coined in its simplicity by a simple and honest man, but used by all without any article of faith. The objective of the search of intangible is to decipher and buttonhole the role of intangible that makes sense and conveys the message to the people in the simplest of the terms.Continue reading “Governance = Resolving Paradox”

7 Steps to Corporate [America] Governance

Steps Corporate America should take for recovery of the World Economy: Shift the focus from Balance Sheet to Governance.

Have the optimum control of Governance, based on the book, Inactivity Based Cost Management [IBCM]: Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Accountability:Continue reading “7 Steps to Corporate [America] Governance”

IESB

International Ethical Standards Board

I give below mails I have sent to several supporters of UNCAC coalition initiatives, UNDP, Vigilance Commission and Special Prosecutors [known as Lokayukta in India], with a purpose to establish International Ethical Standards Board [IESB] in the same line as IASB. Your contribution towards this objective is welcome.Continue reading “IESB”

Measuring Corporate Social Responsibility

Vacuum is a space empty of matter, but cannot be explained without matter surrounding it. Antimatter is explained as antiparticle within matter and outside of it cannot be even thought about. Non-existence is relative to existence. All of them are in the same plane – matter. This is the law of nature. This is a concrete state where matter predominates and in a gross level of existence. ‘Existence’ is a matter connected to the tangible world of WYSIWYG. A nano-second before the big bang is impossible to imagine with the limitation set for our human mind, to describe what is nothingness beyond matter. Matter in its form of galaxies, stars and planets are said to add up to only 4% and the balance is made up of dark matter [23%] and dark energy [73%]. The Earth truly is in a state of non-existence.Continue reading “Measuring Corporate Social Responsibility”

Intangible – the Eternal Seed

Intangible is antimatter and good similarities exist between matter & antimatter in one hand, and tangible & intangible at the other. Intangible in the mundane world of business management has been used in only one instance, otherwise, not surprisingly, not touched at all. A physics textbook describes matter as “that takes up space and has mass”. Every physical object we have ever seen consists of matter. Scientists however have been continuously exploring the existence of antimatter in the known universe. The latest experiment is with a Large Hadron Collider (LHC) a 27-km long tunnel where beams of particles are fired to prove the theory that a particle when it meets its antiparticle, they annihilate each other and their entire mass is converted into pure energy. One of the LHC detectors, code named LHCb, is trying to investigate that equal amounts of matter and antimatter were created in the Big Bang and what happened to the “missing” antimatter.Continue reading “Intangible – the Eternal Seed”

Lords blame Auditors for Banking Crisis

This is in response to the report in Accountancy Age titled:Lords Enquiry: accounting fuelled banking crisis: http://www.accountancyage.com/accountancyage/news/2272237/audit-enquiry-accounting written by Mario Christodoulou dated 26 Oct. 2010:Continue reading “Lords blame Auditors for Banking Crisis”

IPO Mandatory Grading SEBI

Please see below my letters to the Chairman of  Sebi – Securities and Exchange Board of India during Oct. 2010 as well the one in 2007 to the then Chairman of Sebi and the then Managing Director of CRISIL. Sebi had introduced a wonderful ‘mandatory grading’ for companies that go in for IPO. Please have a look at it.

Dated: 30-09-2010

Shri C B BHAVE, Chairman
Securities and Exchange Board of India, Bandra(East), Mumbai 400051Continue reading “IPO Mandatory Grading SEBI”

Note to President Obama – what’s the way out

Note sent to President Obama can be found in the eMail forwarded to Kathleen Parker of Washington Post, responding to her article The economic crisis was a ‘inside job’ Wednesday, October 13, 2010

Dear Kathleen

I read your article with great interest. I followed it up the same at the website of Inside Job and the Facebook. My question is what’s the way out?

Today I dropped this note at the White House mail system, under the category of Economy: “President Obama during the inaugural session to US Congress said: “Here in Washington, we’ve all seen how quickly good intentions can turn into broken promises and wasteful spending. And with a plan of this scale comes enormous responsibility to get it right.” If world economy has to revive White House should attempt to control this area. How? Please visit http://www.smashwords.com/books/view/24530 and take your time to watch the 3 minutes video, that addresses the concern stated above of President Obama and tells how to take grip of the economy.”Continue reading “Note to President Obama – what’s the way out”

Budget for & Govern Cost Consequence

This is an extract from the book: Titled Inactivity Based Cost Management [IBCM]: Sub-titled: Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Accountability. This extract is on cost consequence and the readers shall note that there is no separate chapter on Cost Consequence in the book but finds its way to several chapters.Continue reading “Budget for & Govern Cost Consequence”

Intangible Asset is croupier’s delight.

Extract from the Book Titled: Inactivity based Cost Management; with the sub-title: Measurement of Governance, Ethical & Fiscal Responsibility and Accountability

1995: Exposure Draft: Intangible Assets

The year 1995 saw the introduction of exposure draft E50 for Intangible Assets. The stage was set to adopt new policies on changing industrial scene. When IAS 9 Accounting for R&D activities was introduced in 1977, the emphasis was on products leaning towards blue-collared employment oriented industries. In 1995 when the demand for a fresh look had arisen the emphasis had shifted considerably towards brand, computer software, copyrights, patents etc.Continue reading “Intangible Asset is croupier’s delight.”

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