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.
- ISBN13 9780814431665
- Publish Date 16 September 2013 (first published 1 January 2013)
- Publish Status Active
- Out of Print 2 October 2021
- Publish Country US
- Publisher HarperCollins Focus
- Imprint Amacom
- Format Hardcover
- Pages 240
- Language English