Firms are scrambling to comply with a host of new corporate governance rules and regulations passed in the wake of the recent corporate scandals and accounting irregularities. To learn how they are responding to the new corporate governance concerns, Deloitte and BusinessWeek surveyed 519 senior corporate executives — members of boards of directors, CEOs, CFOs and business unit heads (Eexecutive VPs) — at U.S. and Canadian firms.

This Deloitte Research viewpoint shows that restoring trust will require firms to go beyond simple regulatory compliance to change behavior by instituting credible self-regulation. Almost one-third of executives said that the changes instituted to date haven’t made an Enron-type scandal less likely in the future. Firms need to clearly define and communicate the roles and responsibilities of the board of directors, chief executive officer (CEO), and chief financial officer (CFO) in implementing sound corporate governance. As firms rethink their organizational structure, they will need to empower the CFO to balance two essential roles: as a financial steward and as a corporate strategist. Learn more from the PDF file attachment below.

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Operating through a network of research professionals, senior consultants, academics and technology partners, Deloitte Research delivers innovative, practical insights companies can use to improve their overall business performance. Through its in-depth publications, surveys, reports and commentary, Deloitte Research identifies, analyzes and explains major issues that drive today's business dynamics and shape tomorrow's marketplace.