Biblical Integration Robert Arritt, Peter Kazmierczak & Taylor Tibbs

Corporate Governance & the Christian manager

Decision-making

Accountability

Ethics

Decision-making

“I can do nothing on my own. As I hear, I judge, and my judgment is just, because I seek not my own will but the will of Him who sent me.” -John 5:30

Acting in the interest of others

Guiding decisions by prayer

Accountability

“...it is required of stewards that they be found trustworthy.” -1 Corinthians 4:1

Managing others’ property

Honorable & competent conduct

Taking preventative/protective actions

The Trinity as a model for work organization

“While the three persons of the Trinity have their own work, the work of no one of them elevates that person higher than the others.”

Commitment to humility

Working hard on behalf of shareholders

Ethical business practice

“A false balance is an abomination to the Lord, but a just weight is His delight.” -Proverbs 11:1

Prioritize godliness & justice

Avoid selfish ambition

Integrity is an Asset

“A good name is to be chosen rather than great riches, and favor is better than silver or gold.”

Financial Statements

Balance Sheet

Income Statement

Statement of Cash Flows

Statement of Retained Earnings

Generally Accepted Accounting Principles (GAAP)

Standards and Procedures when compiling financial statements

Ensure level of consistency

Helps protect shareholders

Proverbs 11:3 “The integrity of the upright shall guide them: but the perverseness of transgressors shall destroy them”

Public Scrutiny

Mangers expected to meet various sales goals and forecasts

Shortfall of forecasts can be devastating

Graham, Harvey survey

Matthew 26:1-5, 14-16

Sarbanes-Oxley Act

In response to Enron scandal

Further increased transparency between company and investors

Allowed for auditing of financial reports

Matthew 6:20 “But lay up your treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal”

Long-term Financial Planning

Big Picture Planning

Proverbs 16:9 “In their hearts humans plan their course, but the LORD establishes their steps.”

Contingency Planning

Life is but a vapor

James 4:14 “Yet you do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes.”

Contingency planning makes prudent financial decisions for continuity purposes

Benchmarking

A major management technique

“For I want you to know how great a struggle I have for you and for those at Laodicea and for all who have not seen me face to face..”

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