This article was originally prepared for publication in the Australian Company Director Magazine. The key points are that the Global Financial Crisis will inevitably lead to higher levels of scrutiny and it is likely to expose the high rate of failure of large investment projects. Management of such large-scale expenditures is a fiduciary duty but until now this matter has not received much attention and boards have not been held accountable. This situation is likely to change and boards and their advisors are strongly encouraged to implement regimes that consistently address the 6 questions recommended in Standards Australia’s handbook on the corporate governance of projects (HB280-2006).
This paper was presented at an ISACA Summit held in Sydney on 31 March 2009. The slides can be seen by clicking on the link below:
See full Article.
Posts
