First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

2010

Another look at governance disclosure

Despite the rosy picture the CSA paints, I’m not surprised that many organizations are falling short of their governance disclosure obligations. With respect to National Instrument 58-101 – Disclosure of Corporate Governance Practices, the CSA found “unacceptable” shortcomings in 55 percent of reviewed organizations’ disclosures, compared to 36 percent in 2007. In this instance, reporting is getting much worse, not better.

 

, , , , , , , , , ,

McCarthy Tétrault disclosure and governance seminar

When I entered McCarthy Tétrault’s 8th annual disclosure and governance seminar, I expected to be guided on an exhilarating ride through the thrill-a-minute world of lawyering—I mean, governance disclosure sure sounds intriguing, and the TD towers are pretty sexy—but I’ve got to say: it’s time to reassess my confidence in the way movies depict reality…

 

, , , , , , , , , , , , ,

To hyperlink or not to hyperlink – That is the question

This week, the Supreme Court of Canada heard arguments on a question that is unique to Canadian law: if you place a hyperlink in your website or blog, and that hyperlink leads to a website that contains defamatory statements about another person, are you liable to that person for defamation?

 

, , , , , , , , , , , , ,

Mercer benefits governance survey

Every area of business operations involves some type of risk, which if unchecked can threaten not just that specific area but the entire business. For example, according to Mercer’s…

 

, , , , , , , , , , , , ,

International Financial Reporting Standards – it’s all about the details

At the end of September, the International Financial Reporting Standards Foundation released an update to its Guide through International Financial Reporting Standards.

 

, , , , , , , , , , ,

Ontario Not-for-Profit Corporations Act

Ontario’s legislature wasted no time following the passage of the Canada Not-for-profit Corporations Act to enact its own Act to revise the law in respect of not-for-profit corporations (Bill 65). The Bill received royal assent on October 25, but the government hasn’t set a date for it to come into force yet.

 

, , , , , , , , , , , , , , ,

IT strategy – avoiding problems, getting the most from your investments

Information technology has infiltrated just about every aspect of business, to the point where it’s nearly impossible to avoid developing a dedicated IT strategy in order to support your main business goals. A new book describes how even minor software troubles can lead to big headaches for organizations, especially if they rely on the software to carry out their business.

 

, , , , , , , , , , , , , , , , ,

Identifying and managing the risks of corporate directorship

Do you know about the types of risk that corporate directors are increasingly facing? I’ve been talking quite a bit about various types of risk, and Earl Altman recently asked on First Reference Talks, When are directors liable to employees for debts of the corporation? A new guide looks at the main sources of risk that directors face and a number of strategies to reduce the risk.

 

, , , , , , , , , , , , , ,

Help! I have been defamed online – Part III, the perils of being Googled

Have you “googled” yourself lately? If you have not, I recommend that you go ahead and do so. You might be surprised by what you discover is posted about you online.

 

, , , , , , , , , , , , , , ,

Will poor management decisions mean the end for American Apparel?

You’ve probably heard of American Apparel, the Los Angeles-based clothing manufacturer and retailer that’s so popular with the kids these days, they of the semi-controversial billboard advertisements and almost-certainly-controversial CEO Dov Charney…

 

, , , , , , , , , , , , , ,

Canada’s Not-for-profit Corporations Act is finally here

The federal government has passed the Canada Not-for-profit Corporations Act. While the Act won’t come into force for some time yet, what does it mean for you?

 

, , , , , , , , ,

Another take on IT strategy

In a recent issue of Inside Internal Control, I discussed a report on why small and medium-sized businesses should take information technology strategy and planning seriously. Essentially, according to the Canadian Institute of Chartered Accountants, if you don’t strategize your IT, you’re probably wasting time and money just keeping up, when you could be using your resources to support your strategic business plan.

Well, I hope you didn’t rush away after reading that piece and create and implement an IT strategy…

 

, , , , , , , , , , , , , , ,

Help! I have been defamed online: Practical tips – Part II

In last month’s post, I provided a few practical tips for victims of online defamation. In this post, I will discuss a problem associated with defamation posted on a server located in the United States, and will provide some tips on how to respond to such a problem.

 

, , , , , , , , , , ,

Moving forward on the HST

We last discussed British Columbia’s and Ontario’s transition to harmonized sales taxes in March, and now they’re here. In fact, as you well know, they’ve been here for more than two months, and not everyone is happy about it. British Columbians in particular are angry, and have called for a referendum on the issue, which will take place next September. Ontarians have once again shown their stoic side as the government tells them what’s best. While many have complained, no one has made a significant attempt to repeal the tax.

 

, , , , , , , , , ,

Do you need an IT business and implementation strategy?

You already know how important information technology is to your business. You’ve got a website that pushes your brand and maybe even sells your products; you’ve got an internal network that connects all of your employees to each other and the documents they need; you’ve got company email to manage, and maybe a bunch of cellphones and BlackBerrys to keep track of; you’ve got security cameras, passwords, log-ins and keycards; and you’ve got employee management systems covering attendance, payroll, benefits and more. If any of these fails, you’ve also got a big problem.

 

, , , , , , , , , , , , ,

Previous Posts