Angel’s Advocate Measuring National Grid of Governance

Angel’s advocate: In Corporate history we often see the role played by Devil‘s Advocate and seldom we come across the use of Angel’s Advocate. The essence of Economics lies in risk taking without which bartering system would be in use even today. Risk taking is very essential to business where entrepreneurship is an expression ofContinue reading “Angel’s Advocate Measuring National Grid of Governance”

Exposure Draft Hedge Accounting

Given below is the extract from IASB on Hedge Accounting inviting comments on the Exposure Draft before the same is released as a Standard. It is a good opportunity, possibly the last, to look at the corrective steps needed in this field that has played havoc to the detriment of World and US Economy. PleaseContinue reading “Exposure Draft Hedge Accounting”

HACCP of Governance

Announcing The Implementation of Chapter II Preventive Measures of United Nations Convention Against Corruption [UNCAC] for Organizations in Corporate & Government e Learning – Implementation – Assessment by IBCM

Where does Governance exist?

Extract from the book: Inactivity Based Cost management: Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Acountability Where does Governance exist? The interesting quote of Robert Doniger, [from Timeline by Michael Crichton], I’m not interested in the future; I’m interested in the future of the future, possibly has a clue. To-day was the futureContinue reading “Where does Governance exist?”

Role Model – Thanksgiving

IBCM defines Ethical Responsibility and Fiscal Responsibility. Ethical Responsibility could not have been defined but for the Role Models who appeared on this planet. An extract from the book on the occasion of the forthcoming Thanksgiving Day: There are four categories of people. 1. People of wisdom; 2. People pursuing knowledge; 3. People pursuing wealthContinue reading “Role Model – Thanksgiving”

White Paper ERC – Rejoinder by IBCM

A Rejoinder to the White Paper “Too Big to Regulate? Preventing Misconduct in the Private Sector” by IBCM What’s IBCM? Please click the video of 3.24” before you proceed further on the Rejoinder.

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:

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.

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 aContinue reading “Measuring Corporate Social Responsibility”

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: