TY - JOUR T1 - Effective Investors, Directors, Boards, and Audit Committees Monitor Fundamentals JF - Turnaround Management SP - 50 LP - 60 VL - 2003 IS - 1 AU - William J. Hass AU - Shepherd G. Pryor IV Y1 - 2003/03/20 UR - http://guides.pm-research.com/content/2003/1/50.abstract N2 - To avoid remaking the well-publicized corporate mistakes of the recent past, investors, directors, audit committees, and boards need to go beyond basic financial statements to monitor financial health and assess risks. Effective audit committees will begin to experiment with broader systematic disclosures of both financial and non-financial information to improve transparency. Investors need to demand more transparent systematic disclosures and learn how to use new metrics. However, only management can make the substantial changes that are required. Experts Hass and Pryor explain how institutional investors can encourage directors and boards to be more thorough and vigilant. These processes help improve decision making and reduce risk. ER -