Whois & Analysis for complianceweek.com

Compliance Week is published by Wilmington Group plc, is the leading news, analysis and information resource for the ethics, governance, risk, and compliance professions.

Products include weekly electronic newsletters, a monthly print magazine, proprietary databases and tools, events, jobs, and a variety of interactive features and forums.

Compliance Week hosts an annual conference.

Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed.

Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs.

Corporate governance includes the processes through which corporations' objectives are set and pursued in the context of the social, regulatory and market environment.

Governance mechanisms include monitoring the actions, policies, practices, and decisions of corporations, their agents, and affected stakeholders.

Corporate governance practices are affected by attempts to align the interests of stakeholders.

Interest in the corporate governance practices of modern corporations, particularly in relation to accountability, increased following the high-profile collapses of a number of large corporations during 2001–2002, most of which involved accounting fraud; and then again after the recent financial crisis in 2008.

The chief compliance officer (CCO) of a company is the officer primarily responsible for overseeing and managing regulatory compliance issues within an organization.

The CCO typically reports to the Chief Executive Officer or Chief Operations Officer.

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.

Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society".

Senior management, executive management, or a management team is generally a team of individuals at the highest level of management of an organization who have the day-to-day tasks of managing that organization - sometimes a company or a corporation.

They hold specific powers delegated to them with and by authority of a board of directors and/or the shareholders.

Generally, higher levels of responsibility exist, such as a board of directors and those who own the company (shareholders) - but they focus on managing the senior or executive management instead of on the day-to-day activities of the business.

The executive management typically consists of the heads of a firm's product and/or geographic units and of functional executives such as the chief financial officer, the chief operating officer, and the chief strategy officer.

In project management, senior management authorises the funding of projects.