Tag Archive for ‘Audits’
Stanford University professor David Larcker says context is critical in the choices that organizations make in designing governance systems and the impact those choices have on executive decision-making and the organization’s performance. “There is no question to us that ‘governance matters,’” he writes. “The fundamental challenge is to understand when and how it matters.”
Apple Inc.’s latest Supplier Responsibility report shows a 25% increase in audits of supplier facilities during 2010 to establish compliance with the company’s standards for hiring, training and worker safety. The company said a report by an independent team of suicide prevention experts about suicides last year at a supplier plant in Taiwan found the supplier’s response “had definitely saved lives.”
The company says it conducted on-site audits at 102 facilities in 2009, up from 83 in 2008, and trained 133,000 workers, supervisors and managers, a sharp increase from 27,000 a year earlier.