Welcome Thursday, August 28, 2008
Governance
Procurement needs good governance. In the early 2000s a number of scandals hit the headlines, the culmination of which led to increased shareholder and governmental interest in corporate governance and the passing of the Sarbanes-Oxley Act (SOX) in 2002.
SOX affects US public companies and non-US companies with a US presence. It has a direct effect on procurement departments as it mandates that organisations comply with a wide range of financial management and reporting requirements. Companies need visibility into their spend management processes, an ability to track performance, as well as full oversight of financial records.
Good governance across procurement can be costly in terms of resources, but procurement leaders will view it as an important basis to increase business performance, reduce risk and make headway in combating the perennial problem of dissident spending..
GOVERNANCE NEWS
- Dollar hits six month euro high
Tue, 26 Aug 2008 10:33:00 - Big three suffer slump as Eurozone slips closer to recession
Thu, 14 Aug 2008 10:09:00 - Report offers dire warning on oil costs
Mon, 11 Aug 2008 10:22:00 - Four charged in fresh price fixing probe
Thu, 07 Aug 2008 16:05:00 - UK Government launches employment practice crackdown
Wed, 06 Aug 2008 07:42:00
GOVERNANCE ARTICLES
- Vodafone’s trip to Luxembourg
Wed, 27 Aug 2008 14:36:00 - An effective tool for public sector procurement
Thu, 01 May 2008 09:53:21 - Big business keen to exploit advantage provided by procurement outsourcing
Tue, 08 Jan 2008 08:53:56 - Going for Gold
Thu, 25 Oct 2007 08:39:50 - Route to Market
Wed, 24 Oct 2007 15:58:31
GOVERNANCE OPINIONS
- Opinion: Morals – what morals?
Wed, 16 Apr 2008 15:33:36 - Opinion: Marketing isn’t a no-go area
Wed, 24 Oct 2007 08:54:25 - Opinion: In the driving seat
Wed, 02 May 2007 07:55:29 - Opinion: Big ideas are not enough
Wed, 01 Feb 2006 21:54:46 - Opinion: Groaning under the paperwork
Thu, 03 Nov 2005 22:21:00
