EthicsAndGlory

To support the teaching and learning of corporate governance and ethics I used to post here regularly. I stopped using this account in 2022.

[EthicsAndGlory @EthicsAndGlory]

@desiringGod Super article. Particularly appreciated: "along the way, a few Trinitarian controversies had to be ironed out. For example, we believe in the Holy Spirit, not the holy salad."

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@aaron_p_edwards Dr E. As discussed, I sent you a short e-mail on Wednesday evening. Hope it made sense.

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How the FRC will support economic growth while promoting high standards of corporate governance, corporate reporting, and audit across the UK:

FRCs_Priorities_for_Growth_28_November_2024.pdf

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Strategy: pushing core business into adjacent space

More from Zook as summarised in the HandBook of Board Governance (Ed. Leblanc).

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Strategy: 6 ways to grow a company

From the Handbook of Board Governance, pp.768, citing Chris Zook and "Beyond the Core."

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Supply chain financing: Asda

Never knew about this. Asda use their credit rating with Lloyds Bank 2 help suppliers with working capital problems. Asda have arranged a form of invoice discounting with Lloyds to be made available 2 cash strapped suppliers

https://t.co/bAX9ZbnRuz

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Ethics and Regulation

"William Hill to pay record £19.2m for ‘widespread and alarming’ failures."
https://t.co/sJG3hZE716

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Explainer

In TCFD disclosures you will see Scope 1, 2, and 3 carbon emissions being disclosed. This is how they are defined:

https://t.co/wV3wxFKXW1

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@TerryVirgo I fear that this tweet could be interpreted in many different ways. The intent of the author is - at best - unclear to me.

Despite all the weaknesses of NFI in the 1980s it was specific examples of clearly obvious male "Godly Authority" that drew me to the movement.

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What makes a "good" annual report

I would like to @FRCNews for giving corporate reporting tutors across the UK a superb framework for their next coursework task. Thank-you!

https://t.co/OHw3r9YyMg

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Governance and Redundancies

Helpful description of the redundancy process that Elon Musk initiated when he took Twitter private.

Article places Musk's restructuring amidst other similar large redundancy programs in the technology sector.

https://t.co/WX4jwihdlm

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Audit quality in the UK

Insightful report into how Audit Committee Chairs perceive the quality of audit.

Plenty of accessible "quotes" that could be used with impact in a student assignment.

https://t.co/LlqIR2Ueqh

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Ethics

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Ethics and the Professional Accountant

CCAB survey claims that - over the last 3 years - 27% of Professional Accountants had "been put under pressure to act in an unethical way".

https://t.co/uPlUhgK6Ls

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Ethical case studies

Professional Accountants in Public Practice: 7 case studies.

https://t.co/H5zNy9BiAi

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@IanPaulFletcher Thanks for tweeting the original story, Ian. Much appreciated.

[EthicsAndGlory @EthicsAndGlory]

Governance and Ethics

Australian CEO - Andrew Thorburn - steps down from £500,000 per year job. Thorburn was forced by Essendon AFL to chose between being their CEO, or belonging to his evangelical bible believing church. He chose the latter 😃

https://t.co/B4DKxKTXR7

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Accounting disclosures

Hardly any accountants understand it,
No layman grasps it,
I have never met anyone who is interested in it.

Yet, here is a detailed analysis of Deferred Tax asset disclosures.

Enjoy!

https://t.co/tUNJCbVkFp

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Ethics and succession planning

Patagonia’s billionaire owner - Yvon Chouinard - gives away company to fight climate crisis.

"For purpose" and "not for [monetary] profit".

Stunning.

https://t.co/96y1R18PnQ

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Governance and Strategy

Ocado faces the challenge of governing its capacity. Previously too little, now too much, argues this Guardian piece.

https://t.co/nefFqRH4tt