It's Time to Move Beyond the Finger-pointing ... and Start Identifying Solutions

Posted on Nov 5, 2009

One of the most predictable consequences of corporate financial failures is the inevitable finger-pointing that follows. There was plenty of finger-pointing following the Enron, World-Com, and other failures of the early 2000s, and it was sure to happen again following the financial failures of the past two years. Lately, however, I have noticed that the accusations are literally “going global.” As important as it is to understand the contributing factors, I believe it’s time to move forward with the design and implementation of corrective measures in corporate governance and risk management that will effectively mitigate the risks of calamities of this magnitude in the future.

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