Seven Action Steps to Improve Governance

December 2002
Financial Executive;Dec2002, Vol. 18 Issue 9, p11
Academic Journal
The article details a seven-step checklist which was developed by the internal audit and risk consulting company, Protiviti. The questions on the checklist focus attention on the processes that lead to ethical business practices, personal accountability for corporate governance, and compliance with the Sarbanes-Oxley Act in the United States. The topics include evaluating all business risks and the possible consequences, assigning responsibility throughout all levels of the organization, involving the board of directors' audit committee in the selection and supervision of external and internal auditors, rewarding employees for their performance, and creating value for shareholders.


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