Indecent Disclosure

Gilding the Corporate Lily

Frank Clarke author Graeme Dean author

Format:Paperback

Publisher:Cambridge University Press

Published:29th Jun '07

Currently unavailable, and unfortunately no date known when it will be back

Indecent Disclosure cover

This book presents alternative solutions to the problem of 'unexpected' corporate failures.

Against the background of the collapses of HIH, One.Tel, Enron and the like, Indecent Disclosure captures the anguish the commercial public experiences as a result of public corporations' misleading financial disclosures - especially when an unexpected corporate collapse occurs. Here the authors present alternative solutions to the problem of 'unexpected' failures.Indecent Disclosure captures the anguish the commercial public experiences when the misleading financial disclosures of some public corporations lead to an unexpected collapse. Here, the authors pursue four main themes as underpinning the crisis in companies' financial disclosures. First, companies' compliance with the accounting standards does not produce financial statements that disclose their wealth and financial progress; second, misleading financial statements are more the result of compliance with the accounting rules with the best of intentions, than from the deviation from them with the intent to mislead; third, the raft of knee-jerk corporate governance mechanisms imposed following the recent corporate shenanigans are more directed at appearances than rectifying malpractice; and fourth, there is increasing evidence that the current group structures in which corporate activities are arranged are incapable of effective regulation. Here those themes are explained, explored, and illustrated, within the framework of an agenda for true, effective reform.

ISBN: 9780521701839

Dimensions: 228mm x 152mm x 21mm

Weight: 430g

296 pages