New Spitzer 'socker' ..[Lack of !] Corporate Governance

Sunday, March 23, 2008

New Spitzer 'socker'! ..[LACK OF! ] Corporate Governance
http://www.nydailynews.com/news/2008/03/23/2008-03-23_eliot_spitzer_kept_on_black_stockings_fo.html?ref=nl&nltr_ct=1&nltr_id=New%20Spitzer%20"BY RICH SCHAPIRO DAILY NEWS STAFF WRITER Sunday, March 23rd 2008, 4:00 AMSabo/News Eliot Spitzer A controversial political strategist sent a letter to the feds in November saying that then-Gov. Eliot Spitzer "used the services of high-priced call girls" in Florida - and kept his socks on while he did."

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Do these actions by top politicians business persons and leaders shock you?

The fact is that these people were elected, nominated or hired to these positions without due care and respect for the taxpaying public.

Where were the checks and balances, this is a case of ineffective Corporate Governance.Effective decision making for corrective action can only occurs within an organization where there are checks and balances.

This means that there MUST BE CHANGES TO NORMS, OBJECTIVES AND POLICIES WHERE THERE ARE NO CHECKS AND BALANCES, FOR PERSONS PUT IN POSITIONS OF AUTHORITY.ONLY WHEN THERE ARE MECHANISMS PUT IN PLACE WITHIN ORGANIZATIONS, FOR EXAMPLE, GOVERNAMETAL BODIES, CAN WE AS TAX PAYERS BE ASSURED THAT THERE IS TRANSPARENCY, ACCOUNTABILITY AND RESPONSIBILITY ASSOCIATED WITH THESE POSITIONS!!

Success is a two edge sword. Once executives/people in power or with power become successful for a period, they are less liable to be open to ‘learning’ and may create organizational defenses or a groupthink mentality. Once (through success) an executive learns to cover up his or her actions they soon view such action as necessary, practical, realistic and even caring. Once this happens [executives] tend to stop questioning the basis for ‘error’, they stop even thinking about ‘error’ or looking for ‘error’. The [executives] become insensitive and blind, and, also become blind to their insensitivity and blindness.
Business people, executives and people in power can benefit by paying more attention to the operation of ‘their values’ and how ‘their values’ affect their decision making as it is reasonable to believe that personal values are important determinants in the choice of decision-making and so affects corporate strategy.

See my blogs:

http://corporategovernanceconcerns.blogspot.com/
http://corporategovernancepullupyoursox.blogspot.com/
http://corporategovernancesoxboards.blogspot.com/

Dr. Rookmin Maharaj's Press and Publications:

1. Dr. Rookmin Maharaj addresses Corporate Governance issues.(February 2008) / M. Rookmin Maharaj, Ph.D, traite d'enjeux propres à la gouvernance d'entreprise. (Février 2008)
http://caaa.ca/Home/whatsNew/index.html

2. June 27, 2005, Mumbai : The successful award graduate recipient is Dr. Rookmin Maharaj, from University of Calgary. Dr Maharaj's project was on "Mahatma Gandhi's Village Swaraj Initiative compared with Sustainable Development seen through the eyes of Pundit Jawaharlal Nehru today". According to the Institute's President, Dr. Arun Mukherjee, "The Lal Bahadur Shastri Student Awards will further our efforts to promote knowledge and understanding between India and Canada. The awards will contribute to fostering values of tolerance, mutual respect and understanding among young Canadians attending our universities." Tata Consultancy Services (TCS) is underwriting the awards and, according to Mr. Mukesh Gupta, TCS Director of Strategic Relations in Canada "The Lal Bahadur Shastri Student Awards promote an increased awareness in bridging the gap of Indo-Canadian relations. TCS is proud to support these awards as they mirrors our efforts in the business community."

3. Sustainability ReportingDr. Rookmin Maharaj, Haskayne School of. Business, University of Calgary:www.iseee.ca/iseee/files/iseee/ABEnergyFutures-09.pdf

4. Publications, Reports & Presentations University of CalgaryRookmin Maharaj presentation by Dr. Robert Mansell, ISEEE Managing Director, to IRIS Seminar Series.www.iseee.ca/iseee/whatsnew/reports

5. Annual Report 2007Haskayne School of Business, University of Calgary; 2005 Rookmin Maharaj. 2004 www.icaa.ab.ca/pdf/CAEFAR07unsignedFinal.pdf

6. IFBR Conference Costa Rica 2006http://www.icaa.ab.ca/pdf/CAEFAR07unsignedFinal.pdf

7. International Journal of Disclosure and Governance - CorporateCorrespondence: ... I thank Dr James Gillies, Professor Emeritus of Policy, and founding ...www.palgrave-journals.com/jdg/journal/v5/n1/full/2050074a.html

8. NY Daily News - Discussionshttp://corporategovernanceconcerns.blogspot.com/Dr. Rookmin Maharaj has developed a unique and revolutionary model that can identify the ...www.nydailynews.com/forums/thread.jspa?threadID=12231&tstart=80&start=20

9. 'Corporate behaviour' Blogs Search on Considerably.netPRE- EMPTIVE FORENSIC CORPORATE GOVERNANCE Dr. Rookmin Maharaj 2008-01-26 22:19:00 It is argued that a combination of legislation, regulation, ...www.considerably.net/Corporate_behaviour/blogs.htm

10. Table of ContentsRookmin Maharaj, University of Calgary ..... Maharaj, Rookmin ........................ 14, 22. Mansumitrchai, Somkiat............... 28, 32 ...www.theibfr.com/archive/PROGRAM-COSTARICA2006.pdf

11. Journal Issue: COSO 1992 control framework: Corporate governance, groupthink and bullies in the boardroom Rookmin Maharajlawlib.wlu.edu/CLJC/index.aspx?mainid=1270&issuedate=2008-02-04&homepage=no - 27k -

12. Nova Publishers My Account Nova Publishers Shopping Cart Home ...Haskayne School of Business, Univ. of Calgary, Calgary, Alberta, NW and Dr. Rookmin Maharaj, Univ. of Calgary, NW) Chapter 5. ...https://www.novapublishers.com/catalog/product_info.php?products_id=5521

13. Perspectives on Teaching and Teacher Issues - Blackwell OnlineRookmin Maharaj, 79. Ch. 5, Interdisciplinary teaching : integration of physical education skills and concepts with mathematical skills and ...bookshop.blackwell.com/jsp/id/Perspectives_on_Teaching_and_Teacher_Issues/9781600215810

14. CiteULike: Corporate governance, groupthink and bullies in the ...@article{citeulike:2314115, author = {Maharaj and Rookmin}, citeulike-article-id = {2314115}, doi = {10.1057/palgrave.jdg.2050074}, issn = {1741-3591}, ...www.citeulike.org/article/2314115

15. 'Corporate behaviour' Blogs Search on Considerably.netRookmin Maharaj 2008-01-26 22:19:00 It is argued that a combination of legislation, regulation, effective risk management and appropriate sanctions are ...www.considerably.net/Corporate_behaviour/blogs.htm

16. Cases in Sustainable Tourism: An Experiential Approach to Making- 2006 - 422 pages

17. Dr. Rookmin was extremely helpful with final edits and permissions. books.google.ca/books?isbn=0789027658...

18. Theses & Dissertations University of CalgaryMaharaj, Rookmin. Corporate Governance and the Board of Directors: Study of the Importance of the Role of the Formal and Informal Systems www.ucalgary.ca/igp/studentcentre/theses -

19. IngentaConnect Search ResultsAuthor: Maharaj, Rookmin. Source: International Journal of Disclosure and Governance, Volume 5, Number 1, February 2008 , pp. 68-92(25) ...api.ingentaconnect.com/search;jsessionid=3kfj8l4j3m121.alexandra?database=1&title=Order -

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Dr. Rookmin Maharaj Corporate Governance ConsultantDr. Rookmin Maharaj has developed a unique and revolutionary model that can identify the characteristics requisite for effective Corporate Governance within an organization that strikes the ideal balance between the formal and informal rules and regulations. Dr. Maharaj has researched with the top oil and gas, mining, chemical, and pipeline companies in North America. She continues to transform ideas into actions, ultimately increasing the bottom line for Organizations, Political Institutions, and Educational Institutions to name a few.Please email your comments, questions or ideas on Dr. Maharaj's blog, or at:rmaharaj@ucalgary.camaharajl@netzero.com