Audit firms are very good with such things like Good Corporate
governance but how often are such codes of practice carried out ?
Don't they as management or account auditors for such organizations
already implement so many before?
Usually the codes will consist of a series of figures and standards
for good public relation but can they really be carried out
consistently as part of daily work routines of charity staff.
For example the codes may now say chairman must declare interests
but how to ensure he will declare such interests with staff under
him being controlled and frightened to do so and the regulatory
authority not being able to come down and check on all the
purchases and contracts.
So at the end it will be equal to hot air look-good presentations
etc like before.
The problem as always will be look-good presentations to allow
auditors to make come fees without ensuring there will be truly
accountability and transparency in real work practices.
It is only when the codes are translated and subsumed as an
integrated part of daily work routines of staff that such
correspondence of words and intentions to actions is fulflled with
consistency and practices.
No wonder after the Hotel New World collapse all the codes of
practices and structural computations were not carried out in the
Nicol Highway shoring works which led to another serious
collapse.
At the very most there will be another inquiry and more people will
be punished to protect the regulatory authorities with another
round of reactive look-good corporate governance and hot air.
See actions that can be taken at www.managefranchise.blogspot.com