It will be significant that we begin saving for a wet day as early and as soon as possible. Some countries and firms have developed specific approaches to help guarantee managers have the financial and operational performance data upon which to make decisions, such as the Tableau de Bord in France (Tableau de Bord literally translates to dashboardâ€).Skandia, a Scandinavian supplier of merchandise for long-term savings and investments, pioneered a model within the Nineties—the Skandia Navigator— to investigate and understand the interaction between intangible assets, akin to human, mental, relational, and buyer capital. Ericsson, a telecommunications company, created its own cockpit communicator†to know and operationalize these relationships.
Strengthening exterior financial controls: A properly functioning, independent supreme audit institution fosters clear and efficient management of presidency funds. The venture is supporting the introduction of recent auditing strategies as well as improved reporting procedures and processes that strengthen the cooperation with …