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Corporate governance is a focus of concern in today's business climate, and it's increasingly affecting tax departments. Because tax-related issues played an important role in several of the most notorious recent corporate scandals, tax departments — in particular, the decisions they make and the internal processes they follow — are squarely in the spotlight. Managing tax risk has become a key part of preserving a company's reputation, and stakeholders are focusing on it like never before. In this exclusive interview with former IRS Commissioner Charles Rossotti, we explore how corporate governance is impacting tax departments, and how businesses can leverage technology to enhance their strategic tax management and planning efforts while operating under increased scrutiny of processes and requirements for transparency.
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Charles Rossotti, commissioner of the IRS from 1997 to 2002, is currently a senior advisor at The Carlyle Group, focusing on information technology-related buyout and venture investments. Rossotti also cofounded American Management Systems, Inc. (AMS) and for 27 years served in a variety of capacities, including president, chief executive officer, and chairman of the board. During his tenure AMS grew to become a major international business systems consulting and systems integration firm with revenues of more than $1 billion. Mr. Rossotti holds an AB in Economics, magna cum laude, from Georgetown University and an MBA with high distinction from Harvard Business School.
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