Government for the People





Dana Milbank writes in today’s Washington Post, Abolish the party committees, [http://t.co/p6b3qin] “The committees are behind the dehumanizing of lawmakers, causing the two parties to view each other not as colleagues but as targets. Through the party committees, Democratic lawmakers work to recruit, raise money and campaign for challengers to their Republican colleagues – and vice versa. The committees, more than any other single factor, have replaced legislating with endless skirmishing.”Continue reading “Government for the People”

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 wealth and 4. People in distress. Humanity is a substance and people of wisdom represent the quality aspect of the substance holding the mandate of ethical responsibility. Continue 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. Continue reading “White Paper ERC – Rejoinder by IBCM”

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”