The Role of Sarbanes-Oxley and ISO 9001 in Corporate Management: A Plan for Integration of Governance and Operations

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McFarland, Nov 8, 2011 - Business & Economics - 230 pages
At the turn of the 21st century, corporate scandals at major companies like Enron, Tyco International, and WorldCom cost investors billions of dollars and shook public confidence in the securities market. In 2002, in direct response to these scandals, Congress passed the Sarbanes-Oxley Act, a sweeping set of new standards for the operation of all U.S. public company boards, management, and public accounting firms. Among its many reforms was the requirement that senior officials take personal responsibility for corporate finances. This book’s exploration of the relationship between corporate governance and operations uses the requirements of the Sarbanes-Oxley law as a guide and the internal controls of the ISO 9001 Quality Management System as the interface medium to unite the strategic and tactical functions of the corporation. In the process, it introduces new concepts of process liability and materiality and stresses management ethics and responsibility, as well as efficient and effective governance.
 

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Contents

Preface
1
1 Goodwill
13
2 Ethics in Business
16
3 Product and Service Liability
30
4 Contracts Specifications and Standards
40
5 Management Systems
51
6 Strategic Operations Management
64
7 The SarbanesOxley Act
75
10 ISO 9001 Framework for SarbanesOxley
109
11 The Materiality of Operations
118
12 ISO 9001 Matched to SOX
132
13 The Governance System
151
14 Process Liability in Operations
167
15 Conclusions and Recommendations
188
Chapter Notes
201
Bibliography
211

8 Managing Risk
90
9 SarbanesOxley and Governance
100

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About the author (2011)

William A. Stimson is a consultant and technical expert for the Department of Justice, advising on good and bad business practices. He is the author of three books and numerous papers on corporate governance and standards of quality.

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