Backdated stock options. Enron. WorldCom. Restated financials. CEOs and CFOs in the news for alleged illegal practices. Companies and their boards have faced challenges in recent years that have elevated the importance of good corporate governance. But as boards and management increasingly turn to consultants for advice in the development and evaluation of corporate governance structures and processes, how do they ensure their consultants are qualified in this complex arena?
An article published this month by The CPA Journal -- a publication of the New York State Society of CPAs -- defines the experience and expertise companies should look for in corporate governance consultants, outlining specific credentials and qualifications.
"Corporate Governance Consultants: The Issue of Qualifications," written by H. Stephen Grace Jr. and John E. Haupert of Grace & Co. Consultancy, Inc., draws upon the authors' extensive experience in senior management, corporate governance consulting and expert testimony in lawsuits alleging corporate governance failures, as well as on advice and experience from other experts.
See full Article.
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