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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).

I agree with the experts

Thank you

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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