By: Stacy Bohne and Mallory Johnson. Corporate Governance and the Controller. Introduction to Corporate Governance Key Components Responsible Parties Issues and Challenges with Corporate Governance Importance of Corporate Governance Fulfillment of internal and external requirements
By: Stacy Bohne and Mallory Johnson
Corporate Governance and the Controller
Requires companies to disclose whether or not, and if not, the reason therefore, the company has adopted a code of ethics for senior financial officers, applicable to its principal financial officer and controller or principal accounting officer or persons performing similar functions.
Just handing out a code of ethics is NOT enough.
Requires issuance of code of ethics to be disclosed in financial reports
Public companies must have a system in place to effectively address ethics within their organization
Purpose of Code
Commitment to strong ethical standards
Description of ethics hotline
Conduct in the workplace
Conflicts of Interest
Company Property and Records
Complying with the Law
Stop at 4:39
Are Code of Ethics effective in ensuring an organization is ethical?
What changes would you suggest to manage a risk environment in an ethical manner?
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Willis Group Holdings. Corporate governance. Retrieved from http://www.willis.com/Client_Solutions/Services/Corporate_Governance/
Walker, David M. U.S. Government Accountability Office, (2004). Restoring trust after recent accountability failures. Retrieved from http://www.gao.gov/cghome/2004/belfast04/img0.html
GAP statements and explanation of whistleblower amendment in stimulus package. Retrieved from http://www.whistleblower.org/template/page.cfm?page_id=227
Institute of Internal Auditors. Corporate governance: strategies for internal audit. Retrieved from http://www.theiia.org/training/index.cfm?act=seminar.detail&semID=153
Tuschman, R., (2007). Internal Auditing. Altamonte Springs: The Institute of Internal Auditors Research Foundation
Rules of the Game: Do Corporate Codes of Ethics Work?. Retrieved (2009, November 1 ) from http://www.questia.com/googleScholar.qst;jsessionid=K51bThlQ1wnJyGZ4B5vkBZRnYRppCrZ6hprjHbTGfjnhnQmf0nyn!-1366559283!2066618780?docId=5001501133