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The board of directors and audit committee guide to fiduciary responsibilities: ten critical steps to protecting yourself and your organization

By: Contributor(s): Material type: TextTextPublication details: New York American Management Association 2013Description: vii, 230 pISBN:
  • 9780814431665
Subject(s): DDC classification:
  • 657.4580973 M6B6
Summary: Millions of board and audit committee members are vulnerable to personal liability claims—and don't even know it. More than three million people serve on boards and audit committees in the U.S. alone. But huge risks come with these coveted jobs. SEC scrutiny is at an all-time high, with boards and audit committees now held liable to for acts of fraud and other corporate malfeasance—even if they had no knowledge of wrong-doing in the organization. This essential guide mitigates the risks and dramatically increases the effectiveness of boards and audit committees by uncovering 10 crucial steps every governing body should take, including: • Cultivate independence • Build a balanced team • Leverage independent advisors • Address stakeholder concerns • Direct the external audit • Approach risk proactively • Spearhead fraud deterrence initiatives • Promote accountability • And more Comprehensive and practical, this book simplifies complex corporate governance standards, and helps readers satisfy the requirements of board service while protecting themselves and the organization. (http://www.amanet.org/training/books/9780814431665.aspx)
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Item type Current library Item location Collection Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 34-B / Slot 1835 (2nd Floor, East Wing) Non-fiction General Stacks 657.4580973 M6B6 (Browse shelf(Opens below)) Available 183776

Millions of board and audit committee members are vulnerable to personal liability claims—and don't even know it.
More than three million people serve on boards and audit committees in the U.S. alone. But huge risks come with these coveted jobs. SEC scrutiny is at an all-time high, with boards and audit committees now held liable to for acts of fraud and other corporate malfeasance—even if they had no knowledge of wrong-doing in the organization.
This essential guide mitigates the risks and dramatically increases the effectiveness of boards and audit committees by uncovering 10 crucial steps every governing body should take, including:
• Cultivate independence
• Build a balanced team
• Leverage independent advisors
• Address stakeholder concerns
• Direct the external audit
• Approach risk proactively
• Spearhead fraud deterrence initiatives
• Promote accountability
• And more
Comprehensive and practical, this book simplifies complex corporate governance standards, and helps readers satisfy the requirements of board service while protecting themselves and the organization. (http://www.amanet.org/training/books/9780814431665.aspx)

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