Dan Meyer at Tick Marks has brought my attention to a KPMG survey that reports audit committees are becoming more concerned about IT risks on financial reporting. 90% believed that IT oversight deserved more time at audit committee meetings. By constrast, 80% of committee members were satisfied with audit committee oversight of management judgments and […]

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The Conrad Black trial has been good theatre, and the latest coming out of Chicago doesn’t disap­point. Testi­fying at the trial of former Hollinger chairman Conrad Black, a former member of the company’s audit committee has testified that it kept watch over company finances for four years without any financial experts. Economist Marie-Josee Kravis, sat […]

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So much for mobile, acces­sible capital for growing Canadian businesses… Alberta Premier Ed Stelmach poured cold water yesterday on federal Finance Minister Jim Flaherty’s push for a nationwide securities regulator, saying he has no interest in moving beyond an alter­native system provinces have set up. He said he’s content to stick with the “passport system” — […]

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From the Globe and Mail: Conrad Black has vowed in a court filing to regain control of what remains of his business empire, but he’s also worried there might not be much left. This struck me as a bit strange. I have to admit my experience with court filings isn’t extensive, but I just assumed they […]

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It has been announced recently that Dr. Eric Schmidt, currently the CEO of Google, is joining Apple’s Board of Directors. Boards are respon­sible for overseeing management, protecting share­holder interests and overall strategy. The move has been hailed as a signal of future partnership between Google and Apple in their joint fights against Microsoft. I have […]

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