tone at the top

A phrase denoting the attitudes of an organization’s *board of directors and senior managers toward *corporate governance, *ethics, *risk management, and *internal controls. The tone at the top is often considered to establish the atmosphere of the entire organization. Acceptance by a board of directors of good ethical and governance standards is therefore deemed to be a prerequisite for good corporate governance in the organization as a whole. It has been suggested that boards of directors "have the dual role of framing codes of conduct and of living by them" (Cadbury, 2002, 38). Major corporate scandals and misconduct have often derived from a weak governance culture at an organization’s highest echelons, For example, the attitudes of senior officials at *Enron, *WorldCom, and *Arthur Andersen are widely considered to have been major contributory factors to the demise of those organizations. "A fish rots from its head," as an old proverb says.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • Tone at the Top — A U.S. internal auditing and Corporate governance newsletter. Published quarterly by the *Institute of Internal Auditors, the newsletter is available in print and online formats. Its Web page states its aim to be as follows: To provide executive… …   Auditor's dictionary

  • The Top (album) — Infobox Album | Name = The Top Type = Album Artist = The Cure Released = May 22, 1984 Recorded = Genetic, Garden studios, Trident, 1983 1984 Genre = Alternative rock Length = 40:55 Label = Fiction Producer = David M. Allen, Chris Parry, Robert… …   Wikipedia

  • Tone letter — Register (level) tone ˥ ˦ ˧ ˨ ˩ IPA number 519–523 Entity …   Wikipedia

  • The Wizard of Oz (1939 film) — The Wizard of Oz Theatrical release poster Directed by Victor Fleming Uncredited: Norman Taurog Richard Thorpe …   Wikipedia

  • The Sims 3 — Developer(s) The Sims Studio Publisher(s) Electronic Arts …   Wikipedia

  • The Stripped Mixes — Remix album by Michael Jackson Released July 7, 2009 (digital download) July 28 …   Wikipedia

  • The Memphis Album — Studio album by Guy Sebastian Released 10 November 2007 (2007 11 10) …   Wikipedia

  • The Moody Blues — in concert at the Chumash Casino Resort in Santa Ynez, California in 2005. L R: Justin Hayward, Graeme Edge and John Lodge. Background information Origin …   Wikipedia

  • The Greencards — at Knuckleheads Saloon in Kansas City, MO Background information Origin Austin, Texas, USA …   Wikipedia

  • The Masters Apprentices — Origin Adelaide, South Australia, Australia Genres R B, pop/rock, psychedelic/progressive Years active 1965–1972, 1987–1991, 1994–1995, 1997, 2001–2002 …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.