Companies are reluctant to tinker with financial governance processes—and rightly so. Careful financial stewardship is foundational to success. Yet the process Pearson is implementing here shows what’s possible when a company, even a company that’s more than one hundred years old (Pearson was founded in 1844), faces the future and commits to change. It’s possible to take one of the most conservative and appropriately risk-averse parts of the operational elements in a business—the financial governance process—and reinvent it to better fit into the information age.
