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Which action is most effective for the board to take address their oversight responsibilities concerning the financial issues?

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Question added by Muhammad Usman Tariq , Visiting Faculty , National University of Science and Technology
Date Posted: 2014/10/29
Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Good transperancy system, auditing and reform just like Nike and other coorporations before it's too late.

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Selection of the independent auditor, and receipt of audit results both internal and external.

Do a big financial reform, similar to General Motors (GM).

Deleted user
by Deleted user

I agree with the experts

Thank you

Deleted user
by Deleted user

Effective internal financial management

The auditor is an independent financial efficiency

 

And Answers colleagues wonderful

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

I like the answers from Mr. Tartir, Mr. Jetley and Mr. Yazouri....

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