cfo.com

cfo tagline

Sweet Surrender

New GM CFO Chris Liddell gets paid coming and going.

Alix Stuart, CFO.com | US
February 11, 2010

Microsoft surrenders transparency and independence

Regardless of the company?s true intentions for giving CFO Chris Liddell a $1.9m parting gift, the perception of reality is that Microsoft is hiding something. Corporate governance reform will remain illusive until public companies, including Microsoft, expand their board-level reporting to include timely information about the business practices of the company and its executives from an independent third party. Expanding board-level transparency from an independent third party serves as a check and balance with disclosures made by the executive management team as well as the outside auditors and consultants. Such transparency and independence provide the board with a value-added source of information to aid in decision-making, and help board members avoid being blind-sided by fraud and/or misconduct as a result of misinformation provided by the executive management team.

Posted by Mark Rome | February 12, 2010 10:29 am

CFO Publishing Corporation 2009. All rights reserved.