Role Of The Board In Conscious Risk Management
Most Boards (and staff) of organisations misidentify and misapply risk as something that needs to be protected against, something to be feared. This mindset towards risk effectively neutralises and denies the possibility that risk can be a great strategic advantage, enabling the unlocking of creative and innovative opportunities.
Linking Corporate Governance And Financial Analysis
The interplay between the role of the boards of companies (or other organisations) and the financial performance of these organisations is critical for the success or otherwise of these enterprises and their management.
The Power Of Conscious Strategy: Strategy Setting For Boards
One of the key governance roles of a Board is to ensure that strategy is approved and regularly monitored, and that the Board consciously oversees the implementation of that strategy. The role of the Board in strategic planning is not to write the strategic plan, but to approve the strategic plan and monitor the implementation of the plan.
The Emerging Role Of Board Remuneration Committees
Recent business failures have focused the spotlight on Board remuneration committees. At least some of this focus was generated when it became public knowledge that executives of failed companies such as HIH, One.Tel and Ansett enjoyed healthy remuneration packages (and in some cases, performance based incentives) in the period prior to the collapse.