Invaluable guidance for complete integration of sustainability into reporting and performance management systems Global businesses are under close scrutiny from lawmakers, regulators, and their diverse stakeholders to focus on sustainability and accept responsibility for their multiple bottom line performance. Business Sustainability and Accountability examines business sustainability and accountability reporting and their integration into strategy, governance, risk assessment, performance management and the reporting process. This book also highlights how people, business and resources collaborate in a business sustainability and accountability model. Looks at business sustainability and accountability reporting and assurance and their incorporation into the reporting process Focuses on how the business sustainability and accountability model are impacted by the collaboration of people, business, and resources Presents laws, rules, regulations, standards and best practices relevant to business sustainability performance, reporting and assurance Organizations worldwide recognize the importance of all five EGSEE dimensions of sustainability performance and accountability reporting. However, how to actually assess sustainability risk, implement sustainability reporting, and obtain sustainability assurance remain a major challenge and best practices are evolving. Straightforward and comprehensive Business Sustainability and Accountability hits on all of the hottest topics around sustainability including multiple bottom line (EGSEE) performance and reporting, related financial and non-financial key performance indicators (KPIs), business social responsibility and environmental reporting.
Practical examples, sample reports, best practices and recommendations to help you deter, detect, and prevent financial statement fraud Financial statement fraud (FSF) continues to be a major challenge for organizations worldwide. Financial Statement Fraud: Prevention and Detection, Second Edition is a superior reference providing you with an up-to-date understanding of financial statement fraud, including its deterrence, prevention, and early detection. You will find A clear description of roles and responsibilities of all those involved in corporate governance and the financial reporting process to improve the quality, reliability and transparency of financial information. Sample reports, examples, and documents that promote a real-world understanding of incentives, opportunities, and rationalizations Emerging corporate governance reforms in the post-SOX era, including provisions of the SOX Act, global regulations and best practices, ethical considerations, and corporate governance principles Practical examples and real-world «how did this happen» discussions that provide valuable insight for corporate directors and executives, auditors, managers, supervisory personnel and other professionals saddled with anti-fraud responsibilities Expert advice from the author of Corporate Governance and Ethics and coauthor of the forthcoming Wiley textbook, White Collar Crime, Fraud Examination and Financial Forensics Financial Statement Fraud, Second Edition contains recommendations from the SEC Advisory Committee to reduce the complexity of the financial reporting process and improving the quality of financial reports.
Corporate Reporting today emphasizes compliance, boilerplate and legalese. Due to rapid industrialization and globalization, the concept has gained utmost importance both at the national and international levels. Many countries made it mandatory as it is a crucial issue for corporate entities in order to safeguard the interests of their various stakeholders. Corporate reporting is the communication of an enterprise’s activities, both financial & non-financial,to the external world. The future of corporate reporting is currently the subject of considerable debate and hence numerous reforms have emerged in Corporate Reporting Practices. Recent developments in Corporate Reporting Practices indicate a greater emphasis on better voluntary disclosures by the companies regarding their performance and state of affairs. In order to have uniform reporting practices, particularly Financial Reporting the Accounting Experts developed Common Accounting Standards which brings uniformity in accounting policies and practices. With the growing importance of “Corporate Reporting in Business Organizations”, this book is being published for the benefit of all types of readers.
Corporate social responsibility(CSR) actions, CSR reporting and publicizing the same is becoming more and more common among organisations in the recent years. But many organisations, managers and CEOs are not completely aware of the concept in a clear manner. There is still a lot of confusion between corporate social responsibility, social business, and Philanthropy.This book focus on concepts of corporate social responsibility with ample case studies of companies who have successful CSR initiatives and actions. The book also includes articles that enable CSR specialists to plan and implement corporate social responsibility actions within the organisations in a strategic manner. Global reporting initiatives- GRI and Global compact are also included for managers who are new to CSR reporting which can enhance companies brand image and reputation among the shareholders.
Materiality-approaches to sustainability reporting have been developed and adopted in some businesses in recent years, and proved in practical terms an important advancement on reporting methods, by tackling or lessening some key problems in stakeholder-approaches. What is ‘sustainability materiality’? Are there any difference between sustainability materiality and financial materiality? How application of materiality would meet the challenges that confront traditional stakeholder-approach reporting? And furthermore, can materiality provide an absolute solution to sustainability reporting? If not, how to improve it? Part one tries to answer these questions in a critical look, and to provide a further view on “New Challenges” to ‘sustainability materiality’ –interrelationship and subjectivity. Part two is a case study on ‘sustainability interrelationship’ and ‘stakeholder relevance’. It is the preliminary study on the challenge to sustainability materiality.
We all carry out this extensive reporting of facts and figures connected to sustainability aspects, but what we really want to know, and be able to tell, is how sustainable are we. Maybe sustainability is a mirage, which is foolish to pursue. Maybe we should rather regard sustainable development as a journey, instead of a goal Anyway there is a need for an extended sustainability theory. This work is designed to contribute with practical experience to such a theory. I also think that the managers' need for measurements of the sustainability performance is real. This thesis suggests an index for monitoring. The point is not to have an unquestionable accurate measurement, but to capture a language and a learning about sustainability impact that can be fruitful in business development towards sustainability.
Corporate social performance (CSP) has become one of the most widely used sustainability criteria. The authors of this book have developed a comprehensive CSP Index (AIMH CSP Index©) in the context of developing countries, applied the AIMH CSP Index© for measuring corporate social performance of public listed companies operating in Bangladesh, and examined the linkage of social performance with sustainability proxies like institutional investment. Policy recommendations for the improvement of social responsibility performance of public listed companies in developing countries are also suggested. Given the scarcity of books and literatures discussing CSP in developing countries, this volume makes an important addition to the collection of researchers and practitioners.
Main purpose of study is to investigate link between Corporate Governance and Financial Performance of Textile Companies in Lahore market of Pakistan. Basis of study is to identify to what extent the practices of Corporate Governance is being implemented in specified companies. For this purpose Financial Performance is selected as independent variable specifically ROE, EPS, and P/E ratios, and Corporate Governance is adopted as independent variable. Corporate Governance is a system which control and direct companies. From this system following dimensions are taken i.e. Ownership Structure, Accountability, Risk Management, Director's Remuneration, Internal Audit, Dividend Policy, and Sustainability. Code is implemented in sample companies in different levels but not in its full form or even it will be better to say that practices are being implemented but employees do not know these practices are collectively known as Corporate Governance.
A corporate performance management system can transform your business – but only if it is designed and implemented in the right way. this book will provide you with the tools and approaches to help translate your strategy into action and make you aware of the pitfalls to be avoided. The Handbook of Corporate Performance Management takes a practical approach, offering guidance on what works, tools to use, and how leadership makes an essential contribution to success. THE BOOK IS BROADLY DIVIDED INTO FOUR SECTIONS: Section One Provides the essential toolkit for setting up and implementing a corporate performance management system. It covers the processes and approaches you need to make it work. Section two explains how you can use performance management to manage your business from tracking performance through the management review process to checking whether your strategy is still appropriate. Section three provides guidance for measuring specific key areas; financial performance, staff performance, customers, processes, competence and resource development, and sustainability. Section four is about bringing it all together. Case studies of individuals from widely differing organisations, who have all delivered great results, illustrate the importance of good leadership in creating a culture of high performance. The Handbook of Corporate Performance Management is the essential guide to using performance measurement and management to get the best out of your business.
Today's debate about Corporate Social Responsibility is focused on the concept of “sustainable development”. This work wants to question if sustainability and profit are, or not, mutually exclusive. The belief is that sustainability is today the key driver of innovation, and that integrating sustainability in a firm's strategy can provide a competitive advantage by creating a long- term economic, social, and environmental value. The case of Nestle Nespresso S.A. is presented as a successful example that, thanks to a unique approach, has been able to respect the three principles of sustainability and to ensure abundant supply of high quality coffee, while protecting the ecosystem, and helping coffee farmers' living conditions. “Dignified growth is not possible without sustainability; our possibilities for growth are conditioned by ecology. Intelligent inventions and wise investments will ensure that people and nature find a new equilibrium”.
This book is about the relationship of corporate governance, corporate financing and financial performance. it elaborate in detail how corporate governance affects the corporate financing patterns which further impact the financial performance of the firms. In directly, corporate governance have large impact on the financial performance. Data have been taken of 170 firm operating in the non-financial sector of Pakistan.
This thesis reports to examine and to extend the literature, by obtaining a deeper understanding of the link between corporate social responsibility disclosure and organizational performance in terms of financial performance, employee commitment, and corporate reputation by using a mixed methodology underpinned by stakeholder theory. This relationship between corporate social responsibility activity and disclosure with organizational performance attracts the interest of significant stakeholder groups. Numerous prior studies have sought to examine the links between corporate social responsibility disclosure and organizational performance using quantitative methods.
Environmental and sustainability reporting involves nonfinancial and financial indicators of an organization's impact on environmental, economic, and social dimensions of their operations. As stakeholders (e.g., investors, consumers, governments, donors, employees) of organizations demand more transparency from profit and not-for-profit entities, environmental and sustainability reporting is a means to address this demand. Public interest in the environmental and social impacts of corporations began in the 1960s and 1970s. Protests against the Vietnam War, concern for the environment, and opposition to South African apartheid were some reasons that investors reacted to more than companies' reported profits. A number of investors actively avoided manufacturers of weapons and "sin" products (tobacco, alcohol, and gambling). This book is intended for MBA students, executives, and managers who can discover the internal and external benefits of environmental and sustainability reporting, the basics of reporting, and the reaction of the investment community. The reader will benefit from this introduction to environmental and sustainability reporting to better assess its value for his or her own organization.
The separation of ownership and control of corporations lies at the core of the debate on the involvement of Board of Directors (BoDs) in strategic decision-making and the influence of board attributes on corporate performance. Corporate governance scholars and practitioners have argued that individual board member demographic characteristics as well corporate board composition influence firm performance. Despite the increased focus on BoDs’ contribution to the corporate performance, little research exists in developing countries especially in Africa. This publication therefore seeks to contribute to knowledge by assessing the relationship between BoDs’ attributes, strategic decision-making processes and corporate performance among the listed firms in Kenya. The study used an integration of agency, stewardship, resource dependency and stakeholder theories of corporate governance. Scholars and Practitioners will find it useful for their reference and further research in Corporate Governance in Africa.
Enhance business performance by using sustainability for competitive advantage The Future of Value reveals what it takes for companies to grow and outperform the competition in today's growth-constrained, sustainability conscious world. The author shows leaders how to use sustainability as a powerful, pragmatic lens to enhance business performance. He also explores how to craft and oversee a portfolio of effective tools, develop competitive strategies, and adjust value chain activities, talent management practices, and corporate policies to help organizations execute powerful sustainability strategies. He provides a systematic, yet instantly familiar, model all companies can use to connect sustainability with their growth and competitive strategies. In this way, the author shows leaders how to shape, color, and own The Future of Value. Outlines the keys to implementing sustainability in organizations to achieve business success today and tomorrow Reveals how to engage stakeholders in day to day sustainability management as a means to shape and fuel efforts to continuously renew their sustainability strategies The author is a 15-year veteran of sustainability and strategy management consulting, having worked with clients in the US, Japan, Australia, and Europe. He has an MBA in Strategic Management from The University of Pennsylvania's Wharton School and writes a regular column for Sustainable Life Media and GreenBiz, two of the world's most heavily trafficked sustainability news and thought leadership portals The author draws useful and accessible conclusions from a rich, diverse set of corporate interviewees. A core part of his research was the selection and interrogation of more than 25 Global Fortune 500 companies' sustainability, strategy, and finance leads.