Author Archive | James McRitchie

July 2008

ESG Gaining Acceptance Since 2005, KLD has studied the S&P 100’s sustainability reporting practices for the Sustainable Investment Research Analyst Network, a working group of the Social Investment Forum. The 2008 Sustainability Report Comparison reveals encouraging news. Of the 100 largest U.S. publicly-traded companies, 86 maintain corporate sustainability websites and 49 produced sustainability reports in 2007. These numbers represent significant progress […]

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July 2008 Institute of Internal Auditors International Conference

July 2008 Institute of Internal Auditors International Conference The July 6-9, 2008 gathering of internal auditors attracted 3,000 from around the globe. I sat with auditors from every continent except Antarctica working for businesses, governments and nonprofits. General session speakers were shown on four screens at San Francisco’s Moscone Center West to ensure everyone had […]

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March 2008

Friday Humor Once upon a time there was a shepherd looking after his sheep on the edge of a deserted road. Suddenly a brand new Jeep Cherokee screeches to a halt next to him. The driver, a young man dressed in a Brioni suit, Cerrutti shoes, Ray-Ban glasses, and a YSL tie gets out and […]

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Corpocracy and How to Get Our Democracy Back

One book on corporate governance made Ralph Nader’s list of Nine Books That Make a Difference: A Reading List for the Holidays. Here’s his brief review: Corpocracy by Robert A.G. Monks (Wiley Publishers) summarizes its main theme on the book’s cover-“How CEOs and the Business Roundtable Hijacked the World’s Greatest Wealth Machine-and How to Get […]

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Archives: November 1997

A study by Cotter, Shivdasani and Zenner, reported in the November issue of Directorship, found that returns to a target firm’s stockholders were 20% higher when their board was independent than when a majority of directors were insiders or outsiders with ties. The same issue also carries an article by Robert Heidrick on making director evaluations work. […]

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Making IT Governance Work

Making IT Governance Work

Making IT Governance Work in a Sarbanes-Oxley World by Jaap Bloem, Menno van Doorn and Piyush Mittal presents a clear view that integrates corporate governance to IT governance. With 50% of all capital investment going into IT, it is critical that legal compliance be built in. This book discusses the issues and common misconceptions. Then […]

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Global Strategy: Creating and Sustaining Advantage Across Borders

Global Strategy: Creating and Sustaining Advantage across Borders (Strategic Management) by Andrew Inkpen and Kannan Ramaswamy integrates academic research and case studies to inform readers about global avenues to competition. Political instability, corrpution, inadequate infrastructure, and closely knit ownership structures are addressed. For example, readers are advised that leapfrogging offers the best window for an MNE […]

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Governance and Risk: Benchmarking Corporate Governance Risks

Governance and Risk by George S. Dallas (Editor). This handbook presents the most comprehensive framework for corporate governance as a risk factor that I have ever seen. I have several books on my shelves that compare corporate governance systems in the US, UK, Japan, Germany and France but this one also includes Brazil, China, India, […]

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February 2007

European Governance Regimes Converge but National Differences Persist There is increasing convergence towards a Europe-wide conception of good corporate governance but significant differences between individual markets persist, according to a major study of European governance practices. Based on analysis of 289 companies across 15 countries, the European Corporate Governance Annual Review is the most comprehensive […]

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December 2006

Panel to Examine California Pension/Healthcare Obligations California Governor Arnold Schwarzenegger signed an executive order creating a bipartisan commission to advise him on changes needed to address public pension obligations, particularly rising health care costs. Their recommendations are due in 2008. Labor groups and their Democratic allies in the Legislature immediately cautioned Schwarzenegger to not overreach […]

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Ending The Wall Street Walk: Why Corporate Governance Now?

What would you do if the company in which you’ve invested your hard earned dollars throws it away on fat retirement benefits to outside members of its board of directors? One individual investor, Richard Ayers, conducted a proxy battle this year with Nevada Power Company over the issue. Although he won more than 30% of the […]

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November 2006

Flattery Counts Examining survey data from a sample of managers and chief executives at Forbes 500 companies, the authors of The Other Pathway to the Boardroom find that managers who flatter, agree with and render favors to their chief executives are far more likely to receive board appointments at other firms where their chief executive serves as […]

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October 2006

Broker Vote to End in 2008 The New York Stock Exchange moved to eliminate discretionary broker voting on the election of directors as of 2008. The NYSE, operated by NYSE Group Inc. of New York, filed the proposal with the Securities and Exchange Commission in Washington, which must approve it before it can be finalized. Currently, brokers […]

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