corporate governance

The strategic importance of risk managing the supply chain

Risk managers should keep a handle on their supplier relationships as this can lead to significant gains. The corporate risks posed by a potential supply chain failure are leading more risk managers to keep a close handle on their supplier relationships and they are finding, in some instances, that significant gains can be made in the process. The latest spate […]

Board Engagement Report

By Strategic Risk A lack of alignment between a board and its C-suite executives can inhibit the board’s ability to deliver high-level strategy and functionality. Properly aligning a board with its top executives, including those in a risk management function, can be very difficult for a board facing time constraints, according to the survey. The StrategicRISK survey also revealed respondents […]

Managing the Unexpected

Assuring High Performance in an Age of Complexity Book by Karl E. Weick and Kathleen M. Sutcliffe Review by Michael J. Novak for Office of Research, IRS “By some estimates, executives and managers spend nearly half their time in activities related to planning: developing an organizational vision; translating that vision into a strategic plan; communicating the plan; deploying the plan […]

Innovation’s Nine Critical Success Factors

Source: Harvard Business Review Author: Vijay Govindarajan Your organization won’t innovate productively unless some underlying factors are in good shape. If “10” is outstanding and “1” is poor, how do you rate your organization on each of these? 1. A compelling case for innovation. Unless people understand why innovation is necessary, it always loses to core business or the performance […]

Do we know all the risks ?

Adding the outside-in perspective to Enterprise Risk Management Source: Principal RiiR Author: Koenraad van Hasselt Could Toyota, BP, SHELL, ENRON and WorldCom have avoided the damage to their reputations ? Probably not, but if only their Executive Boards would have been informed about early signals of negative stakeholder opinion, they might have gained valuable time to prepare for the impending […]

Global model practice survey 2010 – Adding some hot topics

Source: Deloitte Foreword We are proud to present the second edition of the model practice survey conducted by Deloitte during the first half of 2010. Due to the success of the 2009 edition, which primarily had European financial institutions in scope, it was decided to broaden the scope to global coverage. This survey includes the response of 89 financial institutions, […]

Result Global CEO Survey: Smarter Growth

13th Annual Global CEO Survey: Setting a smarter course for growth Source: PricewaterhouseCoopers In the 13th Annual Global CEO Survey we hear how businesses leaders responded to the challenges brought about by the recession, the concerns they are facing today and, reflecting on often difficult ‘lessons learned’, their strategies for positioning their companies for the long-term. The effects of the […]

Concerns, Risks Confronting Boards

Directorship and Eisner LLP present the results to the inaugural survey, which explores financial and reputational risk and how boards gain insight on new topics of interest to their companies. Source: Directorship ‘With heightened awareness of the need for corporate governance, American boardrooms are immersed in increasingly intense discussions about the issues of risk and compliance. With these new concerns, […]

An Unrealized Opportunity for Revenue, Risk Free

Source: ICMA (International City/County Management Association) by Ron Blanquie “It’s no wonder that risk management’s public role is often underused and misunderstood. Government entities have incorrectly concluded that risk management’s overall costs can only be tethered but not controlled or reduced. Public entities in California today face an unprecedented challenge as they try to maintain the levels of public service […]

Seizing the day

The impact of the global financial crisis on cities and local public services The ‘Great Recession’ has had a dramatic impact on the financial services sector and other areas of the private sector and highlighted the importance of the role of government at international and national levels in addressing global and systemic risks. But what has been the impact of […]

Adjusting to new policy demands on corporate boards

Our point of view In response to the financial crisis, policymakers around the world are actively considering corporate governance reforms to improve the effectiveness of boards of directors. Ernst & Young believes that effective boards are vital to well-governed and successful companies and strong capital markets. For this reason, boards should make the changes necessary to strengthen their governance and […]

Boosting Your Risk I.Q.

Directorship and Deloitte take a look at the importance of identifying risk in all its forms Source: Bloomberg Businessweek “A critical issue on the agenda for most directors these days is determining the board’s role in overseeing risk. That was the topic of a recent peer-to-peer discussion hosted by Directorship and Deloitte. A group of leading board directors and industry […]

International Survey of Corporate Responsibility Reporting 2008

Source: KPMG International “In a world of ever changing challenges companies are shifting away from risk management approaches and toward an approach that has learning and innovation at its heart. Reporting is necessity if companies are to know and understand their social and environmental impacts, and how to minimize the dangers and maximize the opportunities associated with new and emerging […]