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Opinion
Sarbanes-Oxley
Act (2002) --Ravi Madapati
The
Sarbanes-Oxley Act (SOA) is the single most significant piece
of legislation affecting corporate governance and financial
disclosure since the US securities laws of the early 1930s.
It aims at addressing the lack of confidence in the accounting
and auditing profession and the structures and practices of
corporate governance there. Under this law, CEO and CFOs of
companies that have a listing on the US stock exchanges are
personally responsible for the accuracy of their company's
accounts.
© IUP. All Rights Reserved.
Enterprise
Risk Management
ERM
at Statoil --A V Vedpuriswar
Statoil,
a leading Norwegian integrated oil and gas company faces several
risks. These include Capacity Expansion risks, Acquisitions
risks, Operations risks, Political risks, Health, Safety,
Environmental & Catastrophe risks, Equity Price risks,
Foreign Exchange risks, Interest rate risks and Credit risks.
The article outlines the risks and the mechanisms Statoil
employs to mitigate these risks.
© IUP. All Rights Reserved.
Innovation
Innovation@
organization.com -- P V L
Raju
Companies
should be sensitive to the fact that in today's economy the
ability to innovate has become a critical success factor.
It is through innovation that great ideas are nourished that
will ultimately generate new wealth. Innovation should be
deeply embedded as part of a corporate culture. Organizations
need to invest in teaching employees how to think creatively,
laterally and how to generate innovative ideas that are commercially
viable.
© IUP. All Rights Reserved.
Strategy
Transmeta's
Crusoe -- Ravi Madapati
Transmeta's
family of Crusoe microprocessors has been specifically designed
to solve the problems of mobile and Internet computing in
ways other processors could not. But even after four years
of its launch, Crusoe has not posed any significant threat
to Intel's mobile computing microprocessor Centrino, which
seems to be going from strength to strength. Critics wonder
what the future holds for Crusoe.
© IUP. All Rights Reserved.
Corporate
Governance
CEO
evaluations that work: Building a valuable relationship between
CEOs and their boards --
J Carlos Rivero ,
David
A Nadler
Regular
evaluation, more than just complying with regulations, makes
for a healthy corporate life. A forward-looking CEO evaluation
process offers heightened performance accountability, stronger
links between performance and rewards, support for CEO development,
and better board/CEO relations. Clearly defined and appropriate
objectives, performance measures, and implementation steps
will create an effective CEO evaluation process that contributes
to the top leader's success and survival.
©
2003 Mercer Management Consulting, (www.mercermc.com). Reprinted
with permission.
Technology
AMD Opteron --Ravi Madapati
Itanium,
Intel’s first 64-bit microprocessor has failed, while
Opteron, AMD’s first 64-bit microprocessor released in
mid-2003 has received strong performance reviews. Many companies
such as Dell and IBM, which have been staunch supporters of
Intel, have announced plans to use Opteron. As Intel prepares
itself for the launch of Itanium 2, Opteron looks well placed
to face the challenge.
© IUP. All Rights Reserved.
Leadership
Substance
over style: Five practices of value-creating CEOs --
Paul Favaro
Despite
numerous advancements in management discipline, the consensus
of theorists on what constitutes good leadership has changed
relatively little in almost a century. Largely, it has focused
on style - the personality traits and behaviors that are successful
at motivating others to follow. If it were that simple, we'd
have as many dazzling companies as we have dazzling CEOs.
The reality of truly high-performing CEOs is quite different.
Rather than having similar personality traits, the CEOs of
top-performing companies share several leadership practices.
©
2003 Marakon Associates (www.marakon.com). Reprinted with
permission. |
