INSTRUMENTS OF SUPERVISION AND CONTROLLING
FOR OWNERS AND SUPERVISORY BOARDS
Recently the media have repeatedly criticised the lack of control of senior management by supervisory boards. In Germany an act with the impressive title law for supervision and transparency in the firm has been passed with the specific aim of dealing with this problem. In our opinion, however this is an overreaction: there is no need to draw the attention of the responsible owner of a firm to his very own interests!
Nevertheless many supervisory boards unfortunately let days go by in good times. They trusted the positive figures of their management and took reports of their certified accountants for granted - very often rubbery reports. Good data all the time, rather a lullaby than a signal of alert. Today, as a result, many supervisory boards do not have at their disposal effective instruments to help them recognise mistakes made by the management in good times. But developing such supervisory and controlling instruments should be the job of the supervisory boards.
Only this board can determine the shape of controlling instruments. However generally supervisory boards can't develop such instruments themselves. The management should not be entrusted with this task either for a simple reason: They would create the glasses that would look at themselves! And last but not least don't give the job to your certified accountants. They are only trained to check out the past.
With our experience in the future orientation of organisations and management we offer you support in exercising your supervisory rights efficiently for the good of your firm and its future.
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