The pervasive nature of IT as a business enabler obscures some harsh realities about IT performance. Contrary to conventional wisdom, technology- driven increases in productivity have been meager relative to total expenditures. Lackluster IT performance is manifested in failed or aborted projects, missed deadlines, budget overruns, and poor returns on investment (ROI). Increasingly, these indications of low IT effectiveness are shining a spotlight on the need for IT governance as a vehicle for bolstering performance.

EU 8th Directive Governance Goes Global (CrossCurrents Financial Services Magazine)
With the proposed EU 8th Directive, the effort to improve governance and protect investors takes on a global dimension. The EU 8th Directive: Governance Goes Global, details the provisions of this proposal and asserts that it will provide a basis for cooperation between regulators around the world. (pdf, 961K)
Improving Governance: How are Boards Doing (CrossCurrents Financial Services Magazine)

Bob Stein, Ernst & Young's chairman of Global Financial Services, and Dan Oakley, director of thought leadership, spoke separately with Dennis Chookaszian and John W. Rogers, Jr. to ask them their views on the progress boards of directors have made in improving governance. Here are some highlights of the views expressed in these conversations. 

State of the Financial Services Industry Report 2005
The financial services industry continued to come under regulatory scrutiny in 2004, casting a cloud over a year that saw improved financial results in the insurance and asset management sectors, and continued profitability in the banking industry. Ernst & Young's annual state of the industry report reviews the performance of each sector and assesses the challenges ahead.

Managing Financial Risk: A Checklist for Board Members
Boards of directors play a crucial role in corporate governance, especially the oversight area. Still, they may not always be sufficiently aware of the intricacies of transactions to voice an informed opinion as to their appropriateness. An article by E&Y provides boards with some guidelines and a checklist to help them develop a better understanding of what is expected from them in order to achieve proper governance and oversight of a company's financial risk.

Tax Risk Management The Evolving Role of Tax Directors
With credibility issues at the forefront, and a heightened focus on corporate governance, the challenges facing today's tax director have expanded. Tax risk management is a top priority, according to Tax Risk Management: The Evolving Role of Tax Directors, a study by Ernst & Young.

Leaders Magazine Jim Turley Interview: Strengthening Governance & Integrity
Investor confidence will be fully restored when all parties are able to demonstrate a long-term commitment to providing investors with what they want, which is strong governance and very reliable financial information, says E&Y's Global Chairman and CEO Jim Turley. In a Q&A in an issue of Leaders magazine, Jim also observes that one of those key parties, the audit committee, is exercising greater control of its relationships with its management team and audit firm.

Chairman's Society Paper - Health Sciences Advisory Services
At a conference sponsored by Ernst & Young and The Chairman's Society, health care leaders focused on today's difficult health care issues and the need for a practical governance perspective. Read their insights in a new 54-page white paper Practical Governance: Co-Opetition The New Governance Challenge. (pdf, 360K)
IPO Retreat Insights 2004

The Eight Annual Ernst & Young IPO Transformation-CEO Retreat was held during a very encouraging time in the IPO markets. We heard from a number of CEOs, institutional investors, investment bankers, attorneys, accountants, and others about the re-energized IPO market and the expectation that this market may remain vibrant for a while longer.

Ernst & Young's PCAOB 2003 Report
The Public Company Accounting Oversight Board has released its report on the 2003 limited inspections of the Big Four accounting firms. In a letter to our clients and friends, Ernst & Young's Chairman and CEO Jim Turley emphasizes the firm's support for the PCAOB and our commitment to providing the quality audits the investing public expects. Read Jim's letter.

Siden 1970 har jeg været knyttet til Institut for Organisation og Virksomhedsledelse. Jeg er lektor – med det ene ben i praksis, idet jeg undersøger virksomheders evne til at følge med tiden. Det har jeg skrevet flere bøger om. Læs mere her: ::Nils Villemoes - forandringsforedrag - formidling-booking::