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Monday, October 11, 2010

Ethical Responsibility of the Voters

This is an Open letter to the people of my native place Ramnad. This case study is important as I phoned on October 2nd, birth anniversary of Mahatma Gandhi, the municipal councilor with whom I had a chat is an ordinary tailor who sounded very enthusiastic as he started narrating how honestly he works for his Ward [precinct], even before I started discussing about the reason why I wanted to send this open letter to him. It is possible to succeed in my attempt which is bringing out a democracy run by Trustees without any party affiliation. A no-party Government is the need of the hour. Anyone interested please do come forward to join. Some of the words used, non-Tamilian may not understand but crux of the matter he/she would. You are welcome for any clarification. This case study can be applied to almost all places on this earth which is floating in the sea of corruption. It is not one-party, two-party or multiple-party system that could deliver Government for the People but only Trustees representing each constituency that would. Please do read this Open Letter and let me know whether it applies to your constituency wherever you are.


An open letter to the people of Ramnad:


Dear Friends,


It has been several years since the death of my father Rajah Iyer, Headmaster, Rajah's High School that I have not visited my native place Ramnad. I have pleasant memories as well confidence that Ramnad possesses in it, great charm, courage and wisdom to be trusted upon the natives to show the way to the rest of humanity. I always admired the huge painting of Swami Vivekananda hanging on the wall of Diwan Balaji Rao's house near to Rajah's High School. The classes that occupy the whole road from his house to the right used to be called granary hall to wonder what the agriculture produce of the surrounding villages of the era that passed by.


The school had a wonderful system of communication as far back as 1955 with speakers attached to each class and we enjoyed the quiz programmes everyday competing one class with the other. The school had all facilities with a marvellous library including Encyclopaedia Brittanica, very many Wisden Annuals, a Grundig tape recorder, National Geographic Magazine to Sports & Pastime, cinema projectors and slides, a roll of honour chart for sports and educational excellence. The annual function with science and art exhibition was an event the whole town looked for. We had wonderful teachers - John Samuel, N Natarajan, Abu Thahir, Gupta and many more.


I cannot think of a single day where our house was not in its all glory for my father was a wonderful conversationalist bringing in amazing facts of life. Original name given to him was Dharmaraja. The day he joined the school he was invited by the teacher thus:, 'who is this chap, emadharmaraja coming into the school?, taking the initial after my grandfather's name, Muthuswamy.  He rushed back home to change his name to Rajah as he was anyway called in the house and remained as such. Ramnad always had the glory attached to it, as Vivekananda became very famous throughout India after his Chicago address made possible by the munificence of Bhaskara Sethupathy. In the year 1945 there was a major conference at Trichy when the speaker announced that the Rajah of Ramnad would be the next one to address the conference, everyone expected the more famous Rajah of Ramnad that it embarrassed my father greatly. To differentiate between him and the princely ruler, Shanmuga Rajeswara Sethupathy started calling him Rajah Iyer that stayed ever since.


In 1962 he decided to contest the election for Teacher's Constituency for Legislative Council of Madras. He narrated how all the teachers of De Britto High School of Devakottai formed a V-line to hear his speech before the election. Kamaraj was the Chief Minister of that time that he was appointed in special committees that Kamaraj would intervene during the meeting to say, 'when Rajah Iyer is here we should listen to him for anything connected with education'. MGR, Dr. AL Mudaliar and stalwarts of the era were his fellow-members of the Council. Once he sent his card to see the Vice-Chancellor of Madras University, Dr. AL Mudaliar said, ' what Mr. Rajah Iyer, we were there at the Council an hour back and you could have asked me this information' for which my father replied  this is a matter concerned with the Senate that I could not have raised during the Council meeting.' He had a distinct clarity of Responsibility that he never mixed one with the other.


Congress had already lost their position in the Assembly and DMK was keen to contest all the seats falling vacant in the Council. Annadurai not only praised him during the valedictory function in the Council but had earlier given instruction to Karunanidhi not to put up any candidate against Rajah Iyer. This was the only seat DMK did not contest although brother of K. Anbazhagan contested against him as an independent candidate and lost the election. While my father was in the Madurai General Hospital around the same time, Karuthiruman a minister in the Congress government visited him. I was there on that day. My father narrated the discussion with him thus: "As the Congress is likely to lose the majority in the Legislative Council, as an acceptable candidate to all Congress would support my father and would like to make him as the Chairman of the Council." My father had replied him thus: "I have a constituency where teachers had elected me to go and speak out their problems and solve it for them. If I were to become a Chairman of the Council, I would lose the opportunity of talking but will be only listening to others. Hence I thanked him profusely and politely refused the offer." With two daughters yet to be married, with a meagre sum of Rs.500 as salary for the Headmaster and Rs.250 as an MLC the offer of a chair that would get a monthly sum of Rs.1250 as Chairman of the Council, did not in anyway distract him from his responsibility as a representative of the teaching community.


The eulogy after his death in a resolution passed by the Council Chief Minister Karunanidhi, K.Rajaram, Sa.Ganesan, S.Jayarama Reddiar, K.S.Abdul Wahab,S.S. Ramasamy Padayachi, S.Muthusamy, Ma.Po.Sivagnanam, have uniformly highlighted his great quality to bring out the matter of importance to the Council however difficult the subject matter be, in the most decisive and forthright manner guiding the government the ways and means of approach to resolve the crisis and overcome the stumbling blocks.


I am a Member of the Institute of Chartered Accountants and I am proud to be so, for this is the only body internationally affiliated with IASB - International Accounting Standards Board with a professional code of conduct. There is no other body available for any other profession anywhere in  the world with such international magnitude. In my career as Internal Auditor I had to report against the Managing Director of WIMCO Kamaljit Singh for corruption to the Head office Sweden in 1976. An Accountant is the trustee of the public wherever he/she is employed. My personal case study is not to be construed as whistle-blowing but performing one's duty. An Accountant undertakes social responsibility quietly fighting for justice where 'matsyanyaya' is prevalent. Matsya means fish and nyaya means justice, where the big fish swallows the small one.

The purpose of my open letter to you is to bring to your notice of participating in the election as a voter. You are well versed with Kural, as no other place in Tamil Nadu can take pride as you can for having brought Tamil language to its glory by instituting the Tamil Sangam by Pandithurai Thevar, that you, meaning you of all the people of Tamil Nadu can rightly interpret the verse: [Ithanai ithanAl ivanmudikkum enRAyn-thu Athanai avankaN vidal] [517], Purport: After having considered, "this man can accomplish this, by these means", let (the king) leave with him the discharge of that duty. The King is the most important word. Would a King entrust the job to a person who would turn around to gobble up the property entrusted to his care? The King leaves with him the discharge of that duty means delegation of authority. To discharge the duty the person has a fiduciary responsibility. A fiduciary is legally bound to act, within the confines of the law, in the best interests of the beneficiary. Rajah Iyer conveyed clearly the fiduciary responsibility as a representative of the teachers and did not use his influence with the powers ruling the State as his own powers. He conveyed that he had no powers whatsoever but only a duty and responsibility.


Today you as a voter is the King and collectively you elect a person to the Legislature who within the confines of the law is bound to act in your best interests. Rajah Iyer communicated with his constituency by way of monthly news letters, carrying loads of complaints to the Director of Public Instruction and other departments to solve the multi-various problems many had. It is your responsibility to whom you entrust your property. Kural quoted clearly indicates that you retain the powers but delegate the authority to the person whom you elect.


After my father's death reading the life history of George Washington Carver from the Reader's Digest 50th Anniversary Book that I cut out the epitaph portion and attached to the photo frame of my father: “A life that stood out as a gospel of self forgetting service. Could have added fortune to fame, but caring for neither, he found happiness and honour in being helpful to the world.” Such men who set an example are not for glorifying their deeds but for others to follow., a simple way of living without any complication. You must also note without losing hope that never in the history of mankind so many such dedicated people as on to-day, serve and struggle to establish a humane society around the world, men and women, including many within the government, who have relentlessly pursued for transparency, Human Rights, Anti-corruption, environmental protection, whistleblowers protection and Right to Information, whose grace on this planet enable the dumb eloquent and the cripple cross mountains, You as a voter should realise by electing a wrong person you lose your power and abdicate your property. My father many times used to say quoting a Chinese proverb, if you find any student wrong find out who his teacher is and punish him. If you find corrupt politicians roaming care free in our country you must realise that it is you who are responsible.


Our Constitution is the instrument of freedom handed over to you empowering you to elect a representative to the Legislature who in turn creates good laws, good institutions, good order to give that power stability. Freedom without responsibility is no freedom at all. A party candidate takes your powers and hands over to his chieftain who has no connection with you whatsoever. A doctor or an engineer, a teacher or a worker, a lawyer or a judge, a military or a policeman, a farmer or a fakir, a moulvi or a priest, go and search for the person within the confines of your own town and do not be surprised if you find 100 Rajah Iyers. Boycott the political public meetings, surrender your party cards and take responsibility in finding a Trustee out of the 100 able men and women who desire to serve you and protect your property. Give him/her the authority and retain the powers. Our Constitution permits a person to contest the election as an independent candidate. When Rajah Iyer stood up and spoke in the House everybody listened to him without any intervention and with rapt attention. Your representative when gets up and talks, the House will have to listen as he holds the power of attorney from you and not his own. Your representative has no powers, the Chief Minister has no powers, the cabinet has no powers, the government machinery has no powers and it is you and you alone have the powers. Your representative is your Trustee who is not to show his powers to anyone but be friendly with all the parties ruling and opposition alike so as to get what the people of Ramnad want for their town, good drinking water, education, employment, housing, good order,  good roads, good facilities. Using the powers entrusted to you is your ethical responsibility. None of the government functionaries have any risk attached to them whatsoever at any point of time and you are the only one shouldering all the risks in its entirety.


It is my aim and I am in touch with several organisations around the world to establish an International Ethical Standards Board that would function on similar lines to Institute of Chartered Accountants. There will be trained professionals in certifying the Representatives you elect as well the public servants of the government machinery as persons within the confines of set ethical standards. You have nothing to fear when you vote openly to the candidate you have chosen. That is your Liberty, freedom to do what you feel with responsibility. Do not wait for the election to be announced. Prepare your candidate.


Yours truly,
_______________________________
Jayaraman Rajah Iyer"

Wednesday, September 15, 2010

Preview IBCM







This is the Preview of the book Titled Inactivity Based Cost Management: Published as an eBook through Smashwords and Amazon Kindle as well as  Printed version from Createspace of Amazon.com. Smashwords provides you to view the book 20% from page 1. It has all different formats of your choice such as Sony reader, Amazon Kindle, ePub, palm mobile, PDF, RTF. Whereas Amazon Kindle provides its own proprietary format kindle. Both has the same ISBN 978-81-920004-0-4 number. This Preview contains the overall synopsis of the book. You can go through this Preview, go to the site given hereunder, read the first 20% of the Book and choose to purchase the book.

 Further blogs on the subject under Preview will get added up topic by topic. CSR - Corporate Social Responsibility will be for discussion that I shall post during this week. Also under the topic of Ethics and Politics there would be a blog under study. You will notice that this Book is for Measurement of intangible that difficult topics mentioned will be measured. It means IBCM is capable of measuring CSR between one Corporate and the other.

You may pass on this info to your circle of friends and associates too. You are welcome to come back to me at any time.


Book is available from:

Smashwords

Amazon UK  as well Amazon US.


What does it offer: A synopsis:

I The theme

The theme of the book is: Activity is a cost incidence whereas Inactivity a Cost Consequence.

IBCM is the Measurement of Intangible: Governance, Ethical & Fiscal Responsibility and Accountability.

It is imperative to measure Cost Consequence.

II  Cost Consequence

Balance Sheet measures the Cost Incidence whereas Cost Consequence is left in a limbo. Cost Consequence is the very essence of Governance and IBCM provides the platform to box the Accountability so that Cost Consequence could be evaluated.

III The Sections of the Book

There are three sections in the book and a total of 18 Chapters: Approx. 270 pages by PDF and by Amazon Kindle approx. 4 mb, with about 40 Charts and Illustrations.

a. The Root,
b. The Stem and
c. The Knowledge Tree.

Section 1: The Root

Chapter 1 Introduction
Chapter 2 Intangible
Chapter 3 Intangible Assets
Chapter 4 Fighting Corruption
Chapter 5 Intangible Defined
Chapter 6 Measuring the Intangible

The Root expounds the basic structural difference of the past and buttonholes on the core that brings into focus 'to-day'. The meaning and purport of the theme of the book - Activity is a cost incidence whereas inactivity a cost consequence, is elucidated. You will notice that cost consequence is relevant for only one day, i.e. to-day and as a corollary Governance is feasible for only one day, i.e. to-day, neither by the dateless past nor of the infinite future.

It derives the measuring device, simple but robust that could be understood by a farmer, to look at the substance as a whole.

IV Measuring Device

The measuring device is derived from the definition of Intangible that is central to every substance in the universe. Locating and buttonholing on it is an interesting exercise that the reader would surely be with. The statement from the book “In the domain of intangible there is no duality, no paradox, no plurality, and no opposite values that are the characteristics of the tangible domain.” should relieve the readers fresh bout of jargon as well facilitating a single ranking that can be yoked with the performance of any other substance for comparison.

When antimatter collides with matter the mass is converted into pure energy and so does the intangible when it collides with the substance. That's Governance, a dynamic force of pure energy. Substance creation and task accomplishment provide a basis of measurement, keeping its independence even while performing tasks yoked with another, enabling accomplishment of infinite succession of finite purposes by controlling each goal.

V Analysis

Analysis of Government Auditing Standards issued by US Government Accountability Office, Accounting Standards from IASB - IAS 9 Capitalisation of Development Costs and IAS 38 Intangible Assets leading to Financial Crisis of 2009, Foreign Corrupt Practices Act [FCPA], OECD Anti-bribery Convention and its Consultation Paper Review backed up by the definition of Intangible prepare the reader to collide with the case study of UN Convention Against Corruption [UNCAC] Preventive Measures, resulting in Governance of paradox - by IBCM.

Is it not a paradox, but true, Madoffs and Mahatma Gandhis exist in the same plane? IBCM resolves the paradox.

VI Section 2 The Stem

Chapter 7 Governance of Responsibility
Chapter 8 Governance of Accountability
Chapter 9 Inactivity Based Cost Management [IBCM]
Chapter 10 IBCM - UNCAC: Article 13 - Participation of Society
Chapter 11 IBCM - UNCAC: Article 5 - Preventive Anti-Corruption Policies and Practices
Chapter 12 IBCM - UNCAC: Article 10: Public Reporting
Chapter 13 IBCM - UNCAC: Article 6 - Preventive Anti-Corruption Body or Bodies
Chapter 14 IBCM - UNCAC: Article 8 - Codes of Conduct for Public Officials
Chapter 15 IBCM - UNCAC: Article 9 - Public Procurement and Management of Public Finances
Chapter 16 IBCM - UNCAC: Chapter II Preventive Measures - Statement of Accountability


The Root not only derives a measuring device but brings out the attempts since 1977 to stem the rot in the society that the second section entirely focuses on Corruption. UNCAC is a  wonderfully prepared document but the surprising aspect is that  more than 100 countries are signatories to the UNCAC. The grouping of resource owners by Ethical and Fiscal  Responsibility and deriving the Accountability could give the signatories a real meaning of  RTI.  Persons who run the Governments will know from the book where they stand.

IBCM applies its principle of measurement, as a case study, to the Preventive Measures,  Chapter II of UNCAC. The study of Cost Consequence is the only tool to gauge Preventive  Measures. Ranking for each Article covered, deriving the Index of Inactivity by each resource area as  well by Performance Criteria nails the Accountability factor individually and collectively. 

VII Section 3: The Knowledge Tree

Chapter 17 Ethical Responsibility

 Purpose: Knowledge Is the Goal of Ethics

If H.G. Wells could comment: "Amidst the tens of thousands of names of monarchs that crowd the columns of history ... the name of Asoka shines, and shines almost alone, a star.", then what could be the ethical responsibility that was followed to get the encomium from the distinguished historian of repute that extols Asoka's regime, around 300 B.C., as the pioneer of a Humane Society? What did Asoka stand for?

The  above is an extract from the book,  of Section 3 Knowledge Tree.

Asoka had practiced 2300 years back the following tenets of Humane Society, that the book brings out for the purpose of measurement of good governance a template to monitor the progress:

1. State morality, and private or individual morality
2. Policy of peaceful co-existence
3. Reformation of Judicial System
4. State resources were used for useful public works
5. Asoka made himself more accessible
6. Welfare of its people
7. Human rights - compassion, moderation, tolerance and respect for all life
8. Animal rights
9. Protection of all religions
10.Generosity to the poor
11.Well-learned in the good doctrines of other people's religions

IBCM is a measuring device that it aids Good governance by tracking it as to its progress. Do you see the beauty of measuring the governance of the entire society? That's the power of intangible.

The Readers would find the statement derived in the book:  “ that Secret Knowledge is the goal of Ethics.” invigorating.















Chapter 18 Business Ethics


Purpose: Proposed International Ethical Standards Board shall certify Corporate, Senior Executives and the Board of Directors.

Free enterprise is an expression of freedom, whereas Ethical Responsibility is an expression of liberty, that threshold values emanate to bridge Ethical and Fiscal Responsibility.

The  left & above is an extract from the book. Business Ethics is measured. Midwest Independent Bancshares Inc. of Jefferson City, Mo. and Siemens get the following rating: “In both the instances Governance has drawn a blank, one on account of absence of the substance and the other inactive.”

The purpose of the book is to initiate the procedural aspects of establishing IESB - International Ethical Standards Board, in the same line as IASB, covering every public servant entrusted with fiscal responsibility.



VIII Budgeting for Cost Consequence

In totality the Book brings out the capability of creating a Budget of Cost Consequence.

Governance is Real-Time Monitoring.

Budgeting for Cost Consequence means preparing at start a completed substance with
Quality ready for Action. A solution to Obama's speech: “We've all seen how quickly good intentions can turn into broken promises and wasteful spending. And with a plan of this scale comes enormous responsibility to get it right.”

A substance is a matter sentient or insentient awaiting Action, meaning it acquires a Quality e.g. UNCAC document is a substance that can readily be put into action clearly defining responsibility, but insentient. A baby born is a sentient substance that has acquired a quality and ready for action. Readers shall note the case study referenced in the book on Public Procurement and Management  of Public Finances of a contract worth about $191 million and will conclude the Financial Crisis 2009 is the result of  Action plan on a substance that was never created, just as G20 declaration of good intentions, economic rescue packages and Invasion of Iraq, ending  with the statement - Iraq free to chart its own course. For Governance, Substance is the basis as in a Chemical Laboratory, not good intentions or economic theories.

 IX   Index of Inactivity









Index of Inactivity is the outcome of Governance report that forms the basis of Accountability, where Cost Consequence as on today can be evaluated.

Both Ethical as well Fiscal Responsibility owners are accountable for what they have performed or remained insentient.

It is linked to the performance of the process areas. For the task accomplishment of the process area Index of Inactivity provides the extent to which further action is needed as on date.

The example in the left is the outcome of the analysis of Article 9: of UNCAC Public procurement and Management of Public Finances.












X Holistic view of Index of Inactivity

 An illustration of Governance of Process Areas by IBCM, as on date.


























XI  Budgeting for Cost Consequence - who can prepare and use it?

The book provides sufficient understanding for preparation of a Budget of Cost Consequence which is the creation of substance with Quality, a prerequisite before Action. Signatories to UNCAC can use the template to go ahead straight away for Action.

Government from Afghanistan to Zimbabwe, Corporate without exception assuming as they are BP themselves and even NGOs, such as Bill Gates, Bill Clinton, Kofi Annan Foundations shall prepare a Budget of Cost consequence and declare to the public in advance as to how and what they intend to govern.

 Several organisations like Rating agencies, S&P & TI should persuade the Governments to prepare a Budget of Cost Consequence and monitor the Governance rankings that shall form the basis of their Sovereign Ratings.

 Funding agencies such as World bank, Private Equity Participants to insist on Budget for Cost Consequence and Governance follow-up, as provided under Chapter 15 IBCM - UNCAC: Article 9 - Public Procurement and Management of Public Finances.

Universities and Research Scholars will find the concept of measuring intangible unique, like treating zero when found as a number on its own right and useful for several applications based on the theory of IBCM, following the dictum set by Galileo Galilei: “ Measure what is measurable, and make measurable what is not so.”

World over there is great resentment towards the Governments. Governments must take the priority of ending corruption and introduce Cost Consequence Budgets for getting the public support lest terrorism spreads around the globe. It is not Corporate Governance but Government Governance the need of the hour.

Quote from the book:

Purpose

Fire, debt and enemy, if remain even in small trace, will grow again, so finish them completely.

Corruption is the biggest enemy, not terrorism. Even if war on terrorism is won but corruption remains, terrorism will rise again. If corruption is removed without a trace - terrorism will disappear, as terrorism thrives on duplicity.

The Book provides the appropriate measuring standards of Governance.

XII  The National Grid of Governance

Corporate Governance

The tendency among the corporate is to implode all the time being summarily satisfied of being in the list of 20 World's Most Ethical companies in one year and disappear in the next. Each company is a contributor and each is as strong as the weakest link in the National grid. Corporate Governance is a continuum that IBCM provides the findamentals of joining the grid and be seen in isolation as well together.

National Governance


Knowledge is of five  categories: 1. Good Knowledge; 2. Wrong Knowledge; 3. Knowledge of Verbal Delusion; 4. Knowledge of Ignorance and 5. Intuitive Knowledge. Corporate work on the fifth all the time. IBCM study proves 'Government for the People' belongs to the third category.
 
















XIII  About the Author


Jayaraman Rajah Iyer is a Chartered Accountant from ICAI, New Delhi (1966) who has a unique insight into major changes in accounting in India’s history culled from experience with major firms across the globe. He interned at Hindustan Lever, worked his way up holding key positions at API and Mafatlals. He introduced the principle of Likely Ultimate Cost while appointed as Forestry Operations Accountant at Wimco. Leaving India in 1977 was appointed as General manager of ITI Nigeria, Lagos. Selected by Sir William Castell who is now the Chairman of the Wellcome trust, joined the Wellcome Foundation, UK to set right the accounting functions of Wellcome Nigeria. He has also been visiting faculty at SPJIMR, SIES School of Management, and Vivekananda School of Management where he taught Balanced Scorecard and Strategic Cost management based on the Proprietary IBCM (Jayaraman owns the copyright to Inactivity Based Cost Management, 2006).

He is the son of the renowned educationist late Rajah Iyer, Headmaster policy maker and Member of the Legislative Council of Tamil Nadu till his death in 1974. Jayaraman’s Rajah Iyer Trust provides a support system for teachers.

Major contributions to the world of Accounting:

In 1966 Jayaraman learned the ropes under visiting IIM-A faculty member late R Subrahmanyam of Hindusthan Lever, submitting cost data to the Govt of India for the fortnightly increase in the selling price of vegetable oil, Dalda. Sub as he was known, used all possible cost allocation and apportionment while Forward Commodity Exchange was prevalent during that time. Not a single cost driver could afford to be missed as the difference in price from one fortnight to the other was so insignificant that it would not be possible to accommodate in today's currency break-up. In due course, the Govt. of India brought in a Cost Audit Dept. including medicine and petrol under Dr. Rajagpalan, the first Management Accountant of ICAI and ICWAI and Jayaraman’s mentor in Management Accounting.

In 1972 as Forestry Operations Accountant for Wimco, Jayaraman acquired an indepth knowledge of forest terrains and realised a discrepancy between the accounting year for WIMCO (Jan. to Dec) and the forestry season (Sep. to March). This made it difficult to estimate cost for wood sent to the factories. This prompted him to institute a system called Likely Ultimate Cost to achieve a balanced figure through the year without overloading a cost figure at the end. It necessitated estimating cost constantly a year ahead.

In the course of his duty, as per the case study detailed in the book, Jayaraman was called upon to play whistle-blower to corrupt practices. He says “An Accountant is the trustee of the public wherever he/she is employed. The personal case study reported in this book is not to be construed as whistle-blowing but performing one's duty. An Accountant undertakes social responsibility quietly fighting for justice where 'matsyanyaya' is prevalent. Matsya means fish and nyaya justice, where the big fish swallows the small one.” Jayaraman went through subsequent inquiries at great personal cost to be vindicated in his stand against corruption. His joining the Wellcome Foundation later remains possibly the only HR case study where the whistle-blower was appointed to a company despite a written negative reference from the previous employer specifically imploring the new employer not to appoint.

It was in 2001, called upon to prepare a normal ROI for an investment in a major ERP package that Jayaraman drafted a unique methodology – RoI based on the intangible, covering the entire spectrum of usage of an ERP package and its capability rather than submitting to the futility of its usage hovering around 8%, for almost all highly priced ERPs, based on cash-flow. Inactivity Based Cost Management was born (and copyrighted) in 2006.

XIV Conclusion
The three criteria set for Governance
Three criteria set for a functional Governance as to how it could be accomplished  that the book achieves to deliver. Readers shall observe Governance is Profits, lack of it is loss of money as well face.

To quote from the book: as a mission statement: “ ..that Code of conduct for public officials is made feasible, with an operational qualified workforce of half-a-million under the aegis of
proposed International Ethical Standards Board, to have an impact on the anti-corruption drive worldwide, a challenge all Member States should endorse.” So should you. Make it happen creating this force.

As quoted in the book: “The accomplice to the crime of corruption is frequently our own indifference - Bess Myerson” 

You may use this blog to comment on the Preview and please see the one that has appeared already.

XV The Book




This is the Preview of the book Titled Inactivity Based Cost Management: Published as an eBook through Amazon Kindle. Book is available from Amazon UK  as well Amazon US.

The book is approx 270 pages by print standards and 4 mb by Amazon Kindle.

There are about 40 charts and illustrations to elucidate IBCM principles.









Jayaraman Rajah Iyer
Kodaikanal
September 07, 2010

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