Boards need to pay attention to their invisible balance sheet
When investors lose trust in a company, they also value it less
EVERY board meeting begins with numbers. Revenue, margins, cash flow and return on equity.
Yet, the most valuable asset in many companies is missing from every financial statement: trust.
Accounting standards do not recognise it as an asset. Markets do. Ask any chief executive who has watched a share price fall not because earnings disappointed, but because investors no longer believed what management told them.
TRENDING NOW
Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status
The grid is the transition: Why Asean’s next energy challenge is coordination
Firms linked to haze pledge cooperation in meeting with Shanmugam; government to table changes to haze law
If Europe goes to war, the fallout will be felt in East Asia
