In the mad rush to maximize shareholder value, many companies have completely ignored other constituencies. Those groups are fighting back with a vengeance. Links to the first installment that explained the overall process. Michael Davis The Culture Effect - Corporate culture, competition and markets all affect company performance. No second chances.
Performance slips, and impatient investors and boards pull the plug.
On the beat with the SEC's Internet fraud squad. New Auditor Independence Standard - New standards that apply to the auditors of all SEC registrants, regardless of size, that could dramatically affect all CPA firms if other regulators follow the SEC s lead. When Bad Times Hit - The company is going down. It still needs to follow the SEC s reporting requirements.