thenextwave

“Bad apples” and rotten audits

Posted in business, ethics, organisational by thenextwavefutures on 22 October, 2014

39596355Tesco is due to announce the result of its investigation into its accounting scandal along with its half-yearly results on Thursday, and the Telegraph got first wind of Tesco’s report into its accounting “irregularities” a few days ahead of publication. The ever-diligent Ian Fraser was quick off the mark on Twitter:

And when I retweeted this, Jamie Saunders, who runs futuresedge in his spare time (“this isn’t my job, it’s a hobby”, as Clara said recently on Dr. Who), sent me an interesting question as to whether this was actually about an absence of checks and balances. But actually, it’s worse than that.

(more…)

The strange death of Conservative England

Posted in politics by thenextwavefutures on 3 October, 2014

progcon1aThe Conservative Party is collapsing into itself under the weight of its own internal contradictions.

Whatever happened to the Conservative party? Not this week, but over the last twenty years? Geoffrey Wheatcroft asked this question in the Guardian this week, and it is a good one. Actually, he asked it a bit more forcefully than that:

Has what was the most successful political party in modern European history succumbed to some strange death wish, determined to tear itself to pieces and snatch defeat from the jaws of victory?

By “successful,” he means that between 1886 and 1997 – 111 years – the Conservatives were in power in the UK for 79 of them, either alone or occasionally in coalition. Now, though, said Wheatcroft, it looked “like a fractious rabble”.

(more…)