Sound Business Decisions and Processes Are Not Legislated
Recent news regarding the problems at the board level of Hewlitt Packard confirms legislation does not prevent less than optimum decisions. The governance rules of Sarbanes-Oxley and the SEC for public companies are very clear. These rules also offer guidance on managing private companies.
Very experienced business people and corporate lawyers at Hewlitt Packard proceeded to authorize activities that are at best questionable. They know better. In my experience, external lawyers and auditors complete due dilligence on compliance with SEC and Sarbanes-Oxley regulations. I am wondering why this process did not surface the planned questionable actions by HP?
Today’s success tip? Use sound business and moral principles to guide your decisions and use external experts to help you.
