Management risk
the bottleneck is at the top of the bottle
- ISBN: 9781403921437
- Editorial: Palgrave MacMillan
- Fecha de la edición: 2004
- Lugar de la edición: Hampshire. None
- Encuadernación: Cartoné
- Medidas: 22 cm
- Nº Pág.: 241
- Idiomas: Inglés
The author outlines the reasons why management risk must be examined within the perspective of each company's business challenges. He suggests there is a synergy between shareholder value and business ethics. He also underlines the importance of honesty, the risks associated with short-sighted management and over-centralisation, the benefits of innovative strategies and senior management's accountability for reliable financial reporting. The text is based on an extensive research project done by the author between 2000 and 2002 in the US, the UK, France, Italy and Switzerland. Contents List of Figures and Tables Preface Acknowledgements PART I: MANAGEMENT'S RESPONSIBILITY TOWARDS THE SHAREHOLDERS Senior Management Ethics and Personal Accountability Mismanagement and the Firing of a Bad CEO Creative Accounting, EBITDA and Core Earnings The Misleading of Investors Top Management Pay and Options Responsibilities of Certified Public Accountants and of the Board PART II: A HIGHLY LEVERAGED COMPANY, ITS TRADES, ITS ACCOUNTS AND ITS BANKS Enron: The End of an Empire Assigning the Blame for Enron The Bankers of Enron Trading and the Risks of Derivatives Exposure Investors, the Securitization of Bad Loans and the Probability of Default PART III: PROBLEMS DON'T DISAPPEAR BECAUSE THEY ARE IGNORED
