Browsing by Author "Sutton, David"

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Open Access
Conceptual Framework Coherence: Why And How
(Te Herenga Waka—Victoria University of Wellington, 2011) Sutton, David
This paper proposes a basis for progress in the development of a conceptual framework as a basis for regulating GPFR. The broad socio-economic environment is explored to determine the primary purpose of GPFR and its regulation and, from this, to establish the high-level properties of a conceptual framework suitable for that purpose. Amongst the conclusions reached are that the coherence of the conceptual framework is a prerequisite for GPFR development. Coherence offers terseness in the conceptual framework and, thereby, the ability to arbitrate competing claims on GPFR. Identification of the primary purpose of GPFR and its regulation leads necessarily to adopting a specific view of the users, objectives, and qualities of GPFR. This specificity is not arbitrary but, instead, prioritizes satisfaction of the central drivers of conceptual framework development rather than every possible purpose of every possible claimant. The satisfaction of every GPFR user can only ever be incomplete and, thus, the general purpose of financial reporting would not be achieved by adopting a stakeholder theoretical view of the purpose of regulating GPFR. Consistent with the purposive approach we conclude in favour of the investor primacy principle, the proprietorship view of accounting, and the current value variant, fair value.
Open Access
A development agenda, the donor dollar and voluntary failure
(Te Herenga Waka—Victoria University of Wellington, 2010) Cordery, Carolyn; Baskerville, Rachel; Sutton, David
This paper examines the success and failure of a once pre-eminent New Zealand charity - the Council of Organisations for Relief Service Overseas (CORSO). Delivering aid for government was a factor in its success in its early years as was its broad membership base. Voluntary failure occurred when CORSO lost government support. It also lost donor support when international charities established a competitive donor 'market'. Its supporters' unwillingness to 'buy-in' to its mission change to focus on local poverty was another factor in its collapse. This case study employs a framework which extends Salamon's (1987) to consider the influence of competition on voluntary failure.
Open Access
Paying the Price of the Failure to Retain Legitimacy in a National Charity: the CORSO Story
(Te Herenga Waka—Victoria University of Wellington, 2007) Sutton, David; Baskerville, Rachel F; Carolyn, Cordery
CORSO was a New Zealand organisation established in 1944, dedicated to the relief of poverty overseas. It was the coordinating agency for many different national bodies; all of whom shared the poverty relief vision and worked to ensure New Zealand’s contribution was under one “umbrella”. Its primary vision for the relief of poverty attracted 50 member organisations by 1967. In examining CORSO’s decline from 1970, until its ‘functional death’ in 1991, the causes of this decline provide a valuable illustration of the importance of political independence and integrity for charitable organisations’ survival. The data for this study is derived from primary and secondary sources including newspaper articles, annual reports, correspondence and opinion surveys. This research also analyses accounting data, evidencing a correlation of robust or deficient accounting processes respectively with economic excellent or poor health. To this extent the accounting data provides a ‘biomarker’ of organisational health. Key to CORSO’s demise was a change in strategic direction brokered by governing members which resulted in a philosophical shift unsupported by many of its core orthodox member bodies, with ‘fatal’ consequences.