Welcome Sunday, July 06, 2008
Governance
Procurement needs good governance. In the early 2000s a number of scandals hit the headlines, the culmination of which led to increased shareholder and governmental interest in corporate governance and the passing of the Sarbanes-Oxley Act (SOX) in 2002.
SOX affects US public companies and non-US companies with a US presence. It has a direct effect on procurement departments as it mandates that organisations comply with a wide range of financial management and reporting requirements. Companies need visibility into their spend management processes, an ability to track performance, as well as full oversight of financial records.
Good governance across procurement can be costly in terms of resources, but procurement leaders will view it as an important basis to increase business performance, reduce risk and make headway in combating the perennial problem of dissident spending..
GOVERNANCE NEWS
- Green transport procurement plans unveiled by EU
Thu, 03 Jul 2008 12:50:51 - China shakes up IP laws
Thu, 03 Jul 2008 12:38:18 - Corporate America calls for action on counterfeiting
Tue, 24 Jun 2008 15:17:05 - Research reveals changing face of fleet management
Thu, 05 Jun 2008 11:44:49 - UK suppliers to tighten screws as credit crunch bites
Wed, 04 Jun 2008 07:44:49
GOVERNANCE ARTICLES
- An effective tool for public sector procurement
Thu, 01 May 2008 09:53:21 - Big business keen to exploit advantage provided by procurement outsourcing
Tue, 08 Jan 2008 08:53:56 - Going for Gold
Thu, 25 Oct 2007 08:39:50 - Route to Market
Wed, 24 Oct 2007 15:58:31 - Scenario: What is the best way to make sure your company is protected against the risks involved in sourcing from remote locations?
Tue, 23 Oct 2007 12:59:33
GOVERNANCE OPINIONS
- Opinion: Morals – what morals?
Wed, 16 Apr 2008 15:33:36 - Opinion: Marketing isn’t a no-go area
Wed, 24 Oct 2007 08:54:25 - Opinion: In the driving seat
Wed, 02 May 2007 07:55:29 - Opinion: Big ideas are not enough
Wed, 01 Feb 2006 21:54:46 - Opinion: Groaning under the paperwork
Thu, 03 Nov 2005 22:21:00
