Construct Value and Deconstruct Valueless Dismiss
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. Please download the given Exposure Draft and please send your comments directly.
Jayaraman Rajah IyerContinue reading “Exposure Draft Hedge Accounting”
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 IBCMContinue reading “HACCP of Governance”
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 future of yesterday and tomorrow is the future of to-day as well the future of the future of yesterday. Effectively what Doniger says is that he dwells in the past all the time the fascinating historical events and ever interested in tomorrow, a dreamer and a maverick he is, that he ignores ‘to-day’ completely. Working like a beaver, he takes his scientists and cultural experts to the past making them stuck in the ruins of history and the genius that he is, promises a great future of the future making the people of to-day to sit in awe and wonder till they realize the future ever remains a distant dream. A solar view of the planet displays the monumental towers everywhere, promises that are not kept. These towers represent a cost already incurred that cannot be recovered. Donigers do not think that it is necessary for them to be concerned about to-day and not at all obliged to inform or discuss the cost consequence of their action, where to-day represents the effect of decisions of yesterday for all to see with utter helplessness.Continue reading “Where does Governance exist?”
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”
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”
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”
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”
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”
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”
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”
