Financial Competence on the Board Case
Type
book section
Date Issued
2019-01-15
Author(s)
Editor(s)
Abstract (De)
While accounting at first sight always seems to be about numbers only, in reality, it does heavily involve people and culture. Thus, also general management should be open to the respective issues, and not push it into a technical, sometimes even "nerdy" corner. Very often, discussions about numbers are in reality discussions about underlying business or cultural issues. In order to bring them up, the board needs at least one member (financial expert) who is on a level playing field with the CFO and the auditor, and will not be distracted by (presumably) complicated technical questions.
Language
English
HSG Classification
contribution to practical use / society
HSG Profile Area
SoM - Business Innovation
Book title
New Living Cases on Corporate Governance
Publisher
Springer-Verlag GmbH
Publisher place
Berlin
Start page
72
End page
74
Pages
3
Subject(s)
Eprints ID
255561