Strengthening corporate governance and financial compliance: Enhancing accountability and transparency

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1597 - 1616

Published: Aug. 31, 2024

In today's complex business landscape, robust corporate governance and financial compliance are essential for maintaining organizational integrity, accountability, transparency. This review examines the key components strategies necessary to enhance these frameworks, ensuring sustainable success stakeholder trust. Corporate encompasses regulatory compliance, risk management, ethical conduct, engagement. Adherence laws regulations, such as Sarbanes-Oxley Act (SOX) General Data Protection Regulation (GDPR), is foundational in minimizing legal risks safeguarding reputation. Effective management involves identifying, assessing, mitigating potential threats an organization’s health operational integrity through strong internal controls regular audits. Promoting conduct within organizations crucial trust Establishing codes of guidelines, whistleblower protections fosters a culture integrity. Transparent communication engagement ensure that activities align with interests expectations. Enhancing accountability transparency several strategies. Strong board oversight independence, characterized by diverse skilled members, balanced objective decision-making. Regular external audits verify accuracy identifying areas improvement. Leveraging technology data analytics pivotal modern efforts. Technologies like blockchain, artificial intelligence (AI), machine learning automate processes, improve accuracy, provide real-time insights into performance management. reporting disclosure practices, adhering standards International Financial Reporting Standards (IFRS), further Continuous training education employees members on principles, requirements, vital fostering accountability. Strengthening fundamental enhancing By adopting comprehensive leveraging technology, promoting can build trust, mitigate risks, growth dynamic environment. Keywords: Governance, Global Corporations, Harmonization.

Language: Английский

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Strategic risk management in financial institutions: Ensuring robust regulatory compliance

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1582 - 1596

Published: Aug. 31, 2024

Strategic risk management in financial institutions is a critical component for ensuring robust regulatory compliance and maintaining stability. This review explores the multifaceted nature of strategic its importance dynamic landscape sector. It delves into fundamental components management, including identification, assessment, mitigation, monitoring, highlighting how these processes help navigate complexities requirements. The discussion encompasses various types risks faced by institutions, such as credit, market, operational, liquidity, risks, illustrating need comprehensive frameworks. also reviews key frameworks, Basel III, Dodd-Frank Act, guidelines from European Banking Authority, emphasizing their impact on capital requirements, liquidity standards, governance expectations. A framework integrates efforts with business strategy, that are not only adhering to mandates but aligning appetite tolerance objectives. role technology, particularly data analytics, real-time cybersecurity, examined crucial enabler effective compliance. Best practices enhancing outlined, continuous regular audits, scenario analysis. Challenges evolving regulations, product complexity, globalization addressed, recommendations adaptive strategies industry collaboration. Through case studies, provides insights successful implementations lessons learned failures. underscores fortifying suggests future trends, advanced AI machine learning, which could further revolutionize approach institutions. Keywords: Risk, Financial Institution, Regulatory, Compliance

Language: Английский

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Integrating renewable energy with fuel synthesis: Conceptual framework and future directions

Engineering Science & Technology Journal, Journal Year: 2024, Volume and Issue: 5(6), P. 2065 - 2081

Published: June 25, 2024

The integration of renewable energy sources with fuel synthesis represents a transformative approach to addressing the twin challenges sustainability and climate change. This review presents conceptual framework for coupling technologies, such as solar, wind, biomass, processes produce sustainable, zero-carbon fuels. emphasizes use electricity water splitting carbon dioxide reduction, key steps in synthesizing hydrogen other synthetic highlights importance advanced catalysts enhancing efficiency selectivity these chemical reactions. Innovations nanostructured catalysts, hybrid materials, biomimetic approaches are discussed their potential significantly improve performance durability catalytic processes. Additionally, underscores role characterization techniques computational modeling understanding optimizing catalyst behavior. necessitates technical associated scaling up production from laboratory industrial levels. These include ensuring stability longevity under operational conditions, managing intermittency sources, developing robust systems capturing utilizing dioxide. Furthermore, economic viability integrated is critical, requiring cost-effective solutions that leverage earth-abundant materials optimize overall efficiency. environmental benefits integrating substantial, offering pathway reduce emissions reliance on fossil fuels using can lead closed cycle, thereby mitigating impact change contributing sustainable future. Future directions this field involve interdisciplinary research further enhance performance, develop new refine process strategies. A roadmap future development includes prioritizing areas improved design, efficient CO2 capture electrochemical photochemical systems. abstract concludes by underscoring energy-fuel integration, envisioning where practices become cornerstone global Keywords: Integrating, Renewable Energy, Fuel Synthesis, Directions, Framework.

Language: Английский

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Strategic negotiation and contract management: Best practices for high-stakes projects

International Journal of Applied Research in Social Sciences, Journal Year: 2024, Volume and Issue: 6(7), P. 1310 - 1320

Published: July 7, 2024

Effective strategic negotiation and contract management are essential for the success of high-stakes projects, which involve significant investments, complex stakeholder dynamics, substantial risks. This paper explores best practices in these areas, emphasizing integration management, digital tools use, collaboration's importance, commitment to continuous improvement. Integrating processes ensures coherence adaptability while leveraging technology enhances efficiency transparency. Fostering a collaborative environment harnesses diverse expertise, leading innovative solutions. Continuous improvement through feedback loops training helps organizations learn from past projects stay ahead future challenges. The findings highlight critical role strategies mitigating risks, managing changes, achieving project objectives. Practitioners encouraged adopt enhance outcomes build sustainable projects. Keywords: Strategic Negotiation, Contract Management, High-Stakes Projects, Collaboration

Language: Английский

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Application of vegetation for freshening and filtering of air in urban environments

Published: Jan. 1, 2024

In modernity the issue of over-urbanization is becoming ever so complex, especially in large urban centres. Major aspect air comfort. Quality great importance for physical and mental health inhabitants. this report literature on significance vegetation to quality overurbanized environments reviewed. The most suitable plants integration architecture city are illustrated, as well ways productively cultivate maintain them. Examples from practice application architectural design itself adding them already existing also summarised.

Language: Английский

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Development of Vertical Farming Systems from Waste Polymers Using Additive Manufacturing Techniques

Recycling, Journal Year: 2024, Volume and Issue: 9(5), P. 90 - 90

Published: Oct. 1, 2024

Driven by population growth, rising living costs, and the urgent need to address climate change, sustainable food production circular economy principles are becoming increasingly important. Conventional agriculture faces significant challenges, including land scarcity, water shortages, disrupted supply chains. As a solution, cities adopting vertical farming enhance urban security promote circularity. This research introduces FLOAT (Farming Lab on Trough), an innovative system made from bio-polymers recycled polyethylene terephthalate glyco (rPETG) pellets plastic bottles. FLOAT’s design emphasizes sustainability closed-loop material usage. The study showcases versatility of additive manufacturing (AM) in creating complex geometries with fully functional 1:1 prototypes. These prototypes highlight potential as scalable adaptable solution for settings, contributing improved environmental sustainability. By integrating conventional practices, we aim exceed Singapore’s 2030 targets achieve lasting resilience. aims scale production, fostering community ties food, nurturing future responsibility.

Language: Английский

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