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"Generally accepted accounting principles seem to have been designed to maximize management discretion," Professor Coffee said, "and the real obsession for investors today is that management has too much room for discretion".
If the thrust of the new capital rules is to create conservative standards and to reduce management discretion over them, it seems odd not to endorse the same principles for accounting.The FSF shies away from discussing enforcement.
It proposes a systems approach that encourages management discretion and autonomy.
Less management discretion over what is measured, and how it is measured and reported.
Keenan says management wants to remove about half of these clauses, leaving these issues to management discretion.
To these losses in welfare, it is conventional to add the output costs stemming from the union rulebook and reduced management discretion.
Similar(51)
The Newspaper Guild objected to the merit-pay plan leaving most annual pay raises to management's discretion.
So Mead is moving to establish barriers against unwanted suitors by giving management wide discretion to issue preferred shares and limiting the ability of investors to call special meetings.
While the reforms determined the particular aggregation of hospitals, management retained discretion as to the organisation and control of activity among hospitals of the network.
Management have discretion as to whether to recognise greenhouse gas emissions, and whether and how to manipulate measures and perceptions of greenhouse emissions (Hrasky, 2011).
Different practices regarding the sharing of the incentive between health staff were expected given that the policy guidelines allowed health facility management committees discretion on this issue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com