Auditors carry more responsibility when auditing publicly -
traded corporations because the potential fallout from their negligence is greater.
Not exact matches
This issue is perhaps the thorniest of all,
because at its core a publicly
traded corporation exists to make as much money for execs and shareholders as possible.
Without involving «the whole ecosystem,» she says, «you have no hope of being able to scale the initiative; so you need to involve corporates — even better if they are big
corporations — as they will have the power to impose a change in the way we
trade,
because of their negotiating power with suppliers and clients.»
We keep the money in the market and minimize
trades because we're banking on the solid earnings of
corporations and a nicely running economy to keep our money growing.
That doesn't mean that
corporations have to facilitate that,
because the sell side will do it themselves if the company is big enough, the shares
trade enough, or it raises capital often enough.
An internal cap and
trade is a good choice for conglomerates and other
corporations with diverse operations
because it gives carbon - intensive business units added flexibility while reducing emissions company - wide.
Large
corporations favor cap and
trade because large European
corporations have made a fortune gaming the system.
For the most part, however,
because enforcing debts against state governments is so difficult, transactions are structured as much as possible to prevent the need to enforce debts in that way through (1) legal limitations on governmental liability, (2) legislative budget rules requiring interest on debt and currently due principal payments to be made first, (3) third - party bonding of state and local governmental construction projects, (4) the creation of publicly owned
corporations whose debts can only be collected out of the
corporation's assets and revenues, and (5) avoidance of
trade credit obligations by paying bills in cash.
I've been a CEO of a publicly -
traded company and I climbed the corporate ladder in divisions of private and public multi-national
corporations and there is a common thread: the business school maxim that earning a profit is the primary goal is interpreted primarily as a toxic quest for short - term profits above all else, including the long - term health of the business, typically
because executive incentive plans are pegged to short - term profit measures.