Insights

You may have read countless articles in regard to the factors that contribute to the success of a business. Regardless of whether you are considering to start-up a new business or take over/expand an already established one, the top-ranking elements of success are the same: passion...

To have rich and poor being treated unfairly in court; To have corrupted judgment and less justice; To have less healthcare and education; To have little democracy; To have Flying Pigs in Animals album of Pink Floyd; To bleed from where we stand by silent and indifferent.

Companies employ people with different moral values and expect them to act according to the company’s code of ethics. Since everybody has a conscience which is sustained by their moral values, can a company create a corporate conscience while it brings people with different moral values together?

Monitoring process is one of the most critical elements of your internal control system which helps to understand, assess and reduce gaps between design and operating effectiveness of your internal control. Would you dare not to mind these gaps?

Business ethics, compliance and integrity, are perhaps the most critical and unchanging facts of the business world which form the core of everchanging corporate governance practices. What makes us (or what should make) so “conservative” in these matters when we think that we need to keep up with this change?

Think of a country to where money comes from all around the world. The sender of the money is not the same with the receiver. It is not clear how it is earned and who sent it either. This money is exempt from taxation and tax inspection and there is a guarantee for that.

Outsourcing (contracting an organization’s services to an external provider) has many benefits for any organization. Non-operating activities such as bookkeeping, financial reporting and payroll performed by a qualified outsourcing firm can help the company’s management to focus on their core competencies.