Interrelationship Between Governance And ERM: What Should Boards Know?
When the financial crisis of 2008 hit, businesses, regulators, stakeholders and industry in general were forced to sit up and take notice because everybody felt the pain. Glaring deficiencies in the way things were done, became obvious. What also became obvious was that the way things were was not ideal,
Balancing Oversight & Micromanaging: Where To Draw The Line?
Oversight, a critical function performed by Boards, is a component of good corporate governance, and is necessary to ensure that policies, plans, programmes and projects achieve the desired results, and comply with rules, regulations and ethical standards. In the course of exercising oversight, the Board usually ensures that due diligence
MCCG 2021 – Much Ado About Nothing?
With the latest version of the Malaysian Code of Corporate Governance (MCCG 2021), the focus of corporate governance has shifted more concertedly to the aspect of CARE. This was evident from the previous iteration of the Code but the sharper focus of MCCG 2021 is intended to build stakeholder confidence.
Corporate Governance: It’s Not Just About The Codes
Found in more than 140 countries today, codes of corporate governance were originally developed to complement the regulations already existing in their respective jurisdictions, in the areas of corporate law, regulations and governance. They were fairly flexible so as not to stifle business, yet strict enough to keep organisations responsible
Directors Guide to the 5 stages of the Road to Risk Intelligence
The road to risk intelligence can be divided into five stages, each reflecting the different parts of an organisation’s journey towards awareness of its particular risks, maturing in its attitudes towards risk and achieving levels of competence in managing this risk through optimising its resources and capabilities. A company’s risk
Corporate Governance scandals: Was Oversight Really Absent?
In an unfortunate turn of events, one of Europe’s most established banks – indeed, a survivor of two World Wars and the fallout of the Great American Depression – became a victim, in 1995, through its lack of oversight of its own staff. But it wasn’t exclusively the lack of
What Does Integrity Look Like?
Do Boards today actually guide the organisations for which they are responsible, or is it the blind leading the blind? Who are the people who are supposed to be responsible for corporate performance – and therefore, corporate governance – and what does it take to be a Board member? Corporate
Why Corporate Governance is the Territory Of The Board?
Corporate governance: it’s what the Board is primarily in charge of. That which gives the organisation its direction. It essentially encompasses the core of the firm, covering its structure, relationships with shareholders and stakeholders, and its performance. But while the corporate governance framework, which is founded on legal and regulatory
