10.3. The Evolution of Finance
A new way of doing business has begun to take root in corporate finance organizations. We feel that modern finance organizations should establish rules for designing, managing, and monitoring financial processes that help ensure the value and transparency required by good corporate governance. A critical aspect of modern finance is to make sure the company's planning processes align with the organization's plans and with the company's strategic plan.
This alignment focuses stakeholders on the objective set by executive management and the Board of Directors, which decreases opportunities for segments of the organization to expend resources on activities that don't increase the bottom line.
Another activity of the ...
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