Boards are being notified about Sarbanes Oxley compliance, but still at a loss. They cant see the forest for the trees", says Morris Nunes of BoardBoost Seminars
Falls Church, VA, April 28, 2004 Morris Nunes, (The Rule of 78s"), an attorney who has been practicing corporate law for the past 25 years, spoke candidly before board members of the Best Western hotel chain earlier this month. He expressed to the board members that many of their counterparts know that there are certain practices that they are accountable for, and that they must follow and comply with ALL new mandates that are a result of the Sarbanes Oxley Law of 2002.
I know that corporations such as yours are hearing a lot about how accounting and reporting processes have indeed become more rigorous", Nunes told the board. He also said that he was well-aware that many other organizations and consultants are contacting them and their counterparts in other hotel chains almost on a daily basis about how to deal with the technicalities that the new law entails.
What boards like yours are not being made aware of is how information that you need should be fitting in with mission success" Nunes said If a board such as Best Western is making good decisions and has fundamentally good communications, Sarbanes Oxley should not be traumatic. Decisions fundamentally depend on the information that a board such as yours considers to make these decisions."
Nunes, whose company BoardBoost holds a special, customized seminar about Corporate Governance, asked How do you know that the information that you receive is not already flawed, or biased, and fraudulent?", which has one immediately thinking about Tyco, WorldCom, and of course, the ongoing saga of the Enron corporation.
Where Nunes stands out from many top firms is in his forest" theory. He explains that each company is the forest, and that many board members lose sight of the big picture and need to find a clearing in which to get their bearings to make solid and correct decisions.
"Too many times, board members become enmeshed in what I term the trees and underbrush of Sarbanes Oxley. It is important that each Board member sort the relevant and important facts from the information that may actually be incorrect, whatever the source. Whether incorrect information is provided maliciously, negligently or inadvertently, it still ultimately yields defective board decisions that can topple a corporation."
Morris Nunes should know about this matter. He is on both he faculty of Georgetown Universitys MBA Program and Catholic University's Law School. I started the BoardBoost Corporate Governance Seminars to teach board members how to strip away the sales pitches, the hype, the skewed information and the misleading data to get down to the core true facts upon which decisions ought to be based.Without that capability it is very difficult to protect themselves and their enterprise."
Morris Nunes, Esq., is an attorney with a Wharton degree in finance and accounting. He is on the faculty for both the Georgetown University MBA Program and Catholic University's law school. And he has over a quarter century of experience advising businesses and non-profits. Mr. Nunes has designed the unique "BoardBoostTM" seminar for Directors to protect themselves in light of the requirements of the new Sarbanes-Oxley law. The seminar is customized to fit the individual needs of your Board's business and corporate culture. As Mr. Nunes is unusually qualified for this role, he is seeking to work with boards regarding their corporate governance issues on a special one-on-one basis.
To learn more about BoardBoost Corporate Governance Seminars, providing Mission oriented entity oversight for Boards of Directors, visit www.boardboost.com, or send and e-mail to info@boardboost.com or contact Mr Nunes care of HighViz Consulting Group at 1-800-380-2825.
NOTE: If you are with the media and interested in interviewing Mr Nunes about his unique theory and approach about corporate governance, please contact Abbe Buck at the number enclosed in release contact information.
BoardBoost Corporate Governance Seminars: Mission-oriented entity oversight for your Board
www.boardboost.com
###
Contact: Abbe Buck
HighViz Consulting Group
1600 Tysons Blvd. #800
McLean, VA 22102
e-mail: abbe@highviz.net
Phone: (703) 245-6996
Web: www.highviz.net/publicrelations.html
|
