Governance: Is Transparency Better for Business?

Governance: Is Transparency Better for Business?

Yes! Even our friends overseas have got this message.
“SOX is killing us” is the usual cry from corporate circles. My question has always been: why do we need a law to do something we ought to be doing in the normal course of business? I mean the least management can do is to provide accurate reports to the owners!
There is plenty of evidence that SOX and its resulting transparency has had a positive impact on companies and their bottom lines. This article once again hits on the issue of the positive affect of governance on corporate profits – yes, it is an intended consequence of governance but sometimes we have to say it out loud!
About the author: Sourabh Hajela Admin (CIO Index Staff)
I am an award winning thought leader, management consultant, trainer and entrepreneur with over thirty years of experience in strategy, planning and delivery of IT Capability to maximize shareholder value for Fortune 50 corporations across major industries in North America, Europe and Asia.
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Governance: Is Transparency Better for Business?

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