On 13 June 2018, a public consultation was issued by the FRC on the draft Principles of the Coalition Group led by James Wates CBE on corporate governance for large private companies. The consultation will close on 7 September 2018 and the final Principles and guidance will be published in December 2018. As the Professional…
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This year we published our Board Best Practice Guide to the Audit Committee. The Audit Committee’s main rule is to hold management to account. It acts as an early warning system for the board and is independent of the Finance Director and CEO. As you know, this is the third line of defence: it provides…
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NEDonBoard received very positive feedback from its recent Digital Expertise in the Boardroom event, which we held on Tuesday 12th June. Passionate experts discussed blockchain, artificial intelligence and cyber risk in the context of the boardroom. Attendees not only gained insight into these topics but contributed to the debate through engaged conversations with our speakers…
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In the past few weeks, we have asked our community to share the lessons that they have learned from the high profile collapse of Carillion. Engagement from the NEDonBoard community has been great and we thank you for sharing your views. In this article, we are publishing some of the answers we received to our…
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The report of the select committees on the collapse of Carillion, released on 16th May highlighted a few of the fundamental considerations that non-executive directors, chairs and senior executives (members of the board of directors) should have in mind when they accept their nomination. For members of the NEDonBoard community that have attended our acclaimed…
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The purpose of risk management in financial services is usually defined as to ‘protect and enable’. The ‘protect’ dimension can refer to the franchise value of the business but is mainly about protecting from regulatory intervention. ‘Enable’ has a perspective of value (however defined) and achievement of company objectives. AI-based solutions, leveraging on vast amounts of…
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NEDonBoard quizzed Sir Winfried Bischoff, Chairman of the Financial Reporting Council (FRC), about the FRC’s stance on culture and diversity in the boardroom.
DetailsAddressing questions around boardroom culture, the positive and negative factors relating to engagement in the boardroom and where new non-executive directors often go wrong, experienced FTSE non-executive director and executive coach Annemarie Durbin shares some excellent pointers and tips in a 1:1 interview following an informative NEDonBoard panel evening.
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The report of the select committees on the collapse of Carillion, released on 16th May has raised a number of important issues, ranging from the company’s corporate culture; its internal control environment; the competence and complacency of its auditors and advisors; the duties of the non-executive directors, chairman and senior executives who were members of…
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Michael Bartholomeusz was one of the panellists of our Board Risk Committee Best Practice Event. He is a portfolio NED, a former Chief Risk Officer and a member of the NEDonBoard community. We asked Michael Bartholomeusz the following question: What best practices help board risk committees understand the most technical aspects of risks such as…
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