Where were the Boards? Thoughts regarding the global financial crisis
•
0 likes•440 views
This paper, presented in MEQA 2009, analyzes today´s key issues regarding professional boards in the light of recent events & highlights areas for improvement in order to achieve better performance and an image of ethics and transparency, by comprising policies which also ensure stakeholder satisfaction.
Report
Share
Report
Share
![Thoughts regarding the global financial crisis Where were the Boards ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],3rd International Quality Congress Middle East Dubai – April 6-7 2009](https://image.slidesharecdn.com/qpaper2009a-12463028407-phpapp02/85/Where-were-the-Boards-Thoughts-regarding-the-global-financial-crisis-1-320.jpg)
![[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Objective - Introduction](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recommended
Performance Excellence in a Thriving Startup Ecosystem _ Graduation Bachelor ...
This is a part of my Graduation Project for a Bachelor of Science in Business Administration.
It tackles Performance excellence in startup culture and highlights that a financial leader is more than a person who does numbers! He leads the vision, mission, goals, and values forward
Asset management culture - A change of approach
As organisations grow and develop they often need to change priorities and adjust ways of working. Developing an asset based culture where one didn't exist before can be a major challenge. As with all change, there are things you can do to smooth the transition. Here is a basic overview of the headlines.
Vc risk services brochure 2013
Risk is part of the landscape when investing in start-up firms, and venture capitalists need to approach this peril across a range of dimensions, including geography, industry and the timing of investments in the product development cycle. In today’s turbulent markets, venture capitalists and private equity firms must possess an integrated plan for managing funds, improving portfolio company performance, and maximizing value through effective deal execution.
Consequently in order to provide a single point of access for leveraging our professional service to the benefit of your funds and portfolio company, we’re pleased to launch our Venture Capital & P/E Risk Advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Corporate Sustainability Strategic, Finance & Governance Plan
The document outlines a framework for developing and implementing a corporate sustainability strategy, finance, and governance plan. It discusses identifying business drivers, assessing current and prospective ESG performance, setting sustainability goals and strategies across the value chain. It also covers sustainability governance, finance, reporting, benchmarking, and developing leadership competence to create value through sustainability. The framework aims to help companies mainstream sustainability into primary and support business activities and management.
Designing and implementing an integrated Corporate Governance Framework
Designing and implementing an integrated Corporate Governance FrameworkRisk Management Institution of Australasia
Andrea Kanserski presented on designing and implementing an integrated corporate governance framework at Gallagher Bassett. The presentation covered:
1. An overview of Gallagher Bassett, including its accountability and responsibility framework and 5-year risk plan.
2. Details of Gallagher Bassett's risk maturity assessment, which has improved from "ad hoc" to "managed" over 6 years through initiatives like its corporate governance framework.
3. The goals and strategies of Gallagher Bassett's risk culture and communication approaches, which aim to ensure staff ownership of risk management practices.CMA Exam Part 2: Overview of 2015 Format
Part 2 is on financial analysis and decision making. Major topics include financial statement analysis, corporate finance, decision analysis, risk management, investment decisions and professional ethics.
Financial statement analysis is the biggest section representing 25% of CMA Exam Part 2. Major topics include financial ratios, performance utilizing multiple ratios, market value vs book value, profitability analysis, effects of changing prices and inflation, off-balance sheet financing, and special issues such as foreign currency fluctuations, fair value accounting, and US GAAP vs IFRS.
Corporate finance is another important topic, covering key concept of risk and return, capital instruments for financing, initial and secondary public offerings, dividend policy, cost of capital, working capital management, raising capital, mergers and acquisitions and international finance.
For more information on the rest of the sections, please refer to our presentation. You are most welcome to drop us a note with questions. Good luck to your exam!
Developing Superstar Project Managers
EDR Webinar
Presented by June Jewell, CPA, President AEC Business Solutions
November 18, 2015
Project Managers (PMs) are the key to a professional services firm’s success. Yet many firms promote technical people into roles they are not prepared or ready for. As a result, project profitability suffers and there is frustration at every level of the organization. By enabling project managers, through financial and systems training, automation, and accountability measures, the firm’s profit margins can increase substantially.
In this webinar, attendees will be able to:
-Evaluate the challenges that cause many Project Managers to struggle with project profitability
-Understand the reasons that projects go over budget
-Review the financial aspects of project management that Project Managers need to know to be successful
-Learn how technology can help Project Managers deliver more profitable projects
-Develop some best practices to help Project Managers succeed
Speaker
June R. Jewell, CPA, President AEC Business Solutions
Jewell, a thought leader and expert in AEC firm profitability, has more than 28 years of business management consulting experience, and unsurpassed knowledge of the AEC industry. In addition to this role, she is the original founder and current strategic advisor of Acuity Business Solutions, a Deltek Premier Partner and consulting firm that works with AEC firms to support business profitability through web-based enterprise management technology.
She is the Amazon best-selling author of the book “Find The Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms.” Jewell has built and run a successful consulting practice, and is a highly sought after speaker at industry events and conferences. Her past speaking engagements include AIA, ACEC, SMPS, Design and Construction Network (DCN), Society for Design Administration (SDA), Zweig Group (formerly ZweigWhite), PSMJ, ROG Growth and Ownership Conference, Project Management Institute (PMI), Deltek Insight and Business of Architecture (BOA).
Workshop D, Benefits for whom? by Ben Pinches
This document discusses defining and measuring benefits for major projects. It provides an overview of different types of benefits (e.g. economic, social, environmental) and evaluation methods (e.g. cost-benefit analysis, cost effectiveness analysis). The document also discusses challenges around defining benefits, comparing benefits over time and between projects, and academic findings around lack of clarity and empirical depth in benefits analysis for major projects.
Recommended
Performance Excellence in a Thriving Startup Ecosystem _ Graduation Bachelor ...
This is a part of my Graduation Project for a Bachelor of Science in Business Administration.
It tackles Performance excellence in startup culture and highlights that a financial leader is more than a person who does numbers! He leads the vision, mission, goals, and values forward
Asset management culture - A change of approach
As organisations grow and develop they often need to change priorities and adjust ways of working. Developing an asset based culture where one didn't exist before can be a major challenge. As with all change, there are things you can do to smooth the transition. Here is a basic overview of the headlines.
Vc risk services brochure 2013
Risk is part of the landscape when investing in start-up firms, and venture capitalists need to approach this peril across a range of dimensions, including geography, industry and the timing of investments in the product development cycle. In today’s turbulent markets, venture capitalists and private equity firms must possess an integrated plan for managing funds, improving portfolio company performance, and maximizing value through effective deal execution.
Consequently in order to provide a single point of access for leveraging our professional service to the benefit of your funds and portfolio company, we’re pleased to launch our Venture Capital & P/E Risk Advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Corporate Sustainability Strategic, Finance & Governance Plan
The document outlines a framework for developing and implementing a corporate sustainability strategy, finance, and governance plan. It discusses identifying business drivers, assessing current and prospective ESG performance, setting sustainability goals and strategies across the value chain. It also covers sustainability governance, finance, reporting, benchmarking, and developing leadership competence to create value through sustainability. The framework aims to help companies mainstream sustainability into primary and support business activities and management.
Designing and implementing an integrated Corporate Governance Framework
Designing and implementing an integrated Corporate Governance FrameworkRisk Management Institution of Australasia
Andrea Kanserski presented on designing and implementing an integrated corporate governance framework at Gallagher Bassett. The presentation covered:
1. An overview of Gallagher Bassett, including its accountability and responsibility framework and 5-year risk plan.
2. Details of Gallagher Bassett's risk maturity assessment, which has improved from "ad hoc" to "managed" over 6 years through initiatives like its corporate governance framework.
3. The goals and strategies of Gallagher Bassett's risk culture and communication approaches, which aim to ensure staff ownership of risk management practices.CMA Exam Part 2: Overview of 2015 Format
Part 2 is on financial analysis and decision making. Major topics include financial statement analysis, corporate finance, decision analysis, risk management, investment decisions and professional ethics.
Financial statement analysis is the biggest section representing 25% of CMA Exam Part 2. Major topics include financial ratios, performance utilizing multiple ratios, market value vs book value, profitability analysis, effects of changing prices and inflation, off-balance sheet financing, and special issues such as foreign currency fluctuations, fair value accounting, and US GAAP vs IFRS.
Corporate finance is another important topic, covering key concept of risk and return, capital instruments for financing, initial and secondary public offerings, dividend policy, cost of capital, working capital management, raising capital, mergers and acquisitions and international finance.
For more information on the rest of the sections, please refer to our presentation. You are most welcome to drop us a note with questions. Good luck to your exam!
Developing Superstar Project Managers
EDR Webinar
Presented by June Jewell, CPA, President AEC Business Solutions
November 18, 2015
Project Managers (PMs) are the key to a professional services firm’s success. Yet many firms promote technical people into roles they are not prepared or ready for. As a result, project profitability suffers and there is frustration at every level of the organization. By enabling project managers, through financial and systems training, automation, and accountability measures, the firm’s profit margins can increase substantially.
In this webinar, attendees will be able to:
-Evaluate the challenges that cause many Project Managers to struggle with project profitability
-Understand the reasons that projects go over budget
-Review the financial aspects of project management that Project Managers need to know to be successful
-Learn how technology can help Project Managers deliver more profitable projects
-Develop some best practices to help Project Managers succeed
Speaker
June R. Jewell, CPA, President AEC Business Solutions
Jewell, a thought leader and expert in AEC firm profitability, has more than 28 years of business management consulting experience, and unsurpassed knowledge of the AEC industry. In addition to this role, she is the original founder and current strategic advisor of Acuity Business Solutions, a Deltek Premier Partner and consulting firm that works with AEC firms to support business profitability through web-based enterprise management technology.
She is the Amazon best-selling author of the book “Find The Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms.” Jewell has built and run a successful consulting practice, and is a highly sought after speaker at industry events and conferences. Her past speaking engagements include AIA, ACEC, SMPS, Design and Construction Network (DCN), Society for Design Administration (SDA), Zweig Group (formerly ZweigWhite), PSMJ, ROG Growth and Ownership Conference, Project Management Institute (PMI), Deltek Insight and Business of Architecture (BOA).
Workshop D, Benefits for whom? by Ben Pinches
This document discusses defining and measuring benefits for major projects. It provides an overview of different types of benefits (e.g. economic, social, environmental) and evaluation methods (e.g. cost-benefit analysis, cost effectiveness analysis). The document also discusses challenges around defining benefits, comparing benefits over time and between projects, and academic findings around lack of clarity and empirical depth in benefits analysis for major projects.
Risk Management – The Building Blocks
Presenter: Sunder Krishnan - IRDA
Risk Management Strategy
Risk Management Framework
Enhancement and Extension of risk framework across
Support to Risk Based Capital
Rating for ERM (Enterprise Risk Management)
Self Risk Management
Self Risk assessment across functions and decentralization
Facilitation process
Corroborative Risk Management
Automated Risk Management
Quantitative Risk Management tool
Embedding risk management in process, technology and trainings
Finance for Non Financial Course
The document describes a 4-day finance training workshop for non-financial professionals. The workshop aims to help executives and managers understand key financial concepts and learn skills for making better informed financial decisions. Participants will learn about financial statements, analysis, budgeting, cost accounting, investment evaluation and other topics. The workshop is taught by an experienced instructor and CFO using presentations, examples and exercises. It is suitable for those without formal financial training who need to use financial data in their roles.
Linda prager risk and controls 1 2017
Solution-oriented professional with extensive experience in leadership, client account management, enterprise/operational risk management, governance and advisory. Focus on building sustainable, scalable platforms, including development and improvement of policies, processes, and internal controls, overseeing and conducting RCSAs for first and second line of defense and reviewing third-party administrator controls. Demonstrated ability to adapt quickly to market conditions and to identify and act on important trends.
GRI Conference - 27 May - Owen - Assurance Of Sustainability Reporting
The document summarizes research into current sustainability assurance practices and stakeholder perspectives. Interviews were conducted with corporate managers, investors, NGOs, and trade unions. Major findings include that corporations see assurance as valuable but want cost-effective limited assurance. Stakeholders had varying views on assurance value, with investors less concerned and unions skeptical of provider competencies. Incorporating stakeholders more through panels was a proposed solution, but practical challenges remain. The research also uncovered governance implications around assurance statements, voluntary reporting, and the political nature of balancing corporate and social sustainability needs.
GRI ERM Roadmap - Program Overview
One of our primary goals has been to improve risk management in the financial services sector through enterprise risk management (ERM) education and training. In order to advance this important goal, Global Risk Institute is launching a comprehensive ERM Roadmap program initiative to contribute to this important ERM practice area.
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...Colleen Beck-Domanico
Describes employment trends in banking and the three essential processes bankers should follow to ensure future risk management continuity in their banks.Why are IFAs recommending multi asset funds?
Martin Bamford's presentation for the BrightTALK Multi-Asset Summit on 16th September 2015.
A recent report suggested that nearly half of IFAs are recommending their clients invest in multi-asset investment funds. Increased market volatility appears to have resulted in more IFAs recommending these fund solutions. Despite their rising popularity, are multi-asset funds the panacea they appear to be? Are IFAs delegating too much responsibility for risk management and investment performance when opting for multi-asset funds, instead of constructing a portfolio of single-asset class funds? In this presentation, Martin will explore the arguments for and against the use of multi-asset funds for advised investment clients. His conclusions might surprise you.
We are no where
A common problem that arises for companies with numerous stakeholders is that the various stakeholder interests may not align. In fact, the interests may be in direct conflict
10 Commandments
This document discusses operational excellence in investment management firms. It provides guidance on 10 commandments for achieving operational excellence, including developing a robust legal and compliance program, building a strong team with integrity, establishing strong controls and procedures, ensuring proper separation of duties, and other operational best practices. The document emphasizes the importance of operational infrastructure and governance for protecting investors and the firm.
Craig ebert best practi8ces energy and the bottom line
1. The document summarizes key findings from a survey of highly efficient companies conducted by Pew Charitable Trusts, identifying seven common habits of these companies.
2. These habits include making energy efficiency a core corporate strategy, strong leadership support for efficiency goals, setting specific and measurable efficiency targets, effective tracking systems, dedicating resources to efficiency, achieving demonstrated results, and communicating efficiency successes.
3. The survey found that on average companies targeted annual efficiency improvements of around 3.4% and were motivated by both cost savings and risk management. Case studies of best practices at companies like Dow, IBM and Toyota were also presented.
Asset Management
In this presentation, Alexander Christodoulakis describes what the definition of asset management is and who benefits from it, the process for utilizing asset management, and what its main function is for investors.
Environmental Scanning Pres 2 1 1 12 09[1]
The document discusses the importance of environmental scanning (ES) for increasing a firm's competitiveness. It argues that firms currently perform ES in an ad hoc manner without integrating external information into decision-making. The document proposes a three-phase model to establish an effective ES system through assessing the organization, developing an ES vision, and implementing a pilot program to measure success factors. Regular ES can help firms develop strategic plans, identify new opportunities, and adapt to changing external forces.
ROS TL Response To COSO Sept 7 2016
This document provides comments on the June 2016 COSO draft guidance on enterprise risk management. The author believes the updated guidance represents an improvement over the 2004 version, but still requires major changes. Specifically, the author argues that the guidance should acknowledge weaknesses identified in past ERM implementations and the 2008 financial crisis. It should also clearly position itself as promoting an "objective-centric" rather than "risk-centric" paradigm for ERM by fully linking risk management to strategy and objectives. While the updated guidance emphasizes this objective-centric approach, the author believes it still straddles the competing paradigms which could cause confusion.
ACHIEVING RESPONSIBLE SUPPLY CHAINS
presentation to british house of commons all parliamentary committee
RCS Global Director Harrison Mitchell presents on due diligence at British Parliament in London
On 20th October, RCS Global director Harrison Mitchell presented to a packed session of the All Party Parliamentary Committee on Extractives on conducting human rights due diligence in raw materials supply chains.
The presentation provides a background for why human rights due diligence is increasingly important for all companies in the supply chain, from miners, to traders, manufacturers and investors.
Human rights issues will continue to be of significant importance to the APPC, as well as the extractive sector generally, particularly in light of new legislation currently under discussion by the European Union on conflict minerals.
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...International Federation of Accountants
Presentation by Vincent Tophoff, Senior Technical Manager, IFAC, at the 2015 General Audit Management Conference in Las Vegas, NV, March 9-11, 2015Learning institutional logics
Authors: Vern Glaser, Jochem Kroezen, Patricia Thornton
Presented at the 2015 Alberta Institutions conference
www.albertainstitutions.com
CPA Canada Risk Oversight and Governance Board Role in Risk
The ROGB develops guidance materials for boards of directors and senior officers on enterprise risk oversight, not risk management. Its goal is to offer unique support for directors to support management's activities. Twelve years ago, it began publishing the 20 Questions series, which addresses important subjects for directors by posing concise and practical questions. A brief summary and recommended practices are provided for each question. In 2012, it published A Framework for Board Oversight of Enterprise Risk to support management frameworks and provide a prescriptive approach. Feedback from directors was very positive that it was a unique and usable resource, while risk managers wanted it to provide more support. The ROGB aims to support international risk oversight efforts and ensure its director materials are aligned with risk
Credit Management Activities of ACI limited
ACI Limited is a leading conglomerate in Bangladesh that was established in 1968. It has strategic business units, subsidiaries, and joint ventures. The document discusses an internship at ACI Limited, with general and specific objectives to gain practical experience and knowledge of their credit management activities. It provides an overview of ACI's credit policies, risk management, customized credit facilities, and challenges faced by the credit division. Recommendations are made to improve the internship program through job rotation, training, and preparing students with industry skills.
Benefits realisation management, third sector forum, 13th May 2015
Benefits realisation management, third sector forum, 13th May 2015Association for Project Management
Third sector forum
Benefits realisation management
The value of benefits management and capacity and capability required to effect delivery
Ibis House - 13th May 2015Spicynotes
This newsletter from Good Food To Go announces an upcoming demo cooking class on March 14th offering a 15% discount. It lists the menu options and encourages signing up. It also provides an update on the cooking studio's popular classes and announces new daytime and weekday evening class times. Finally, it shares details on their hands-on cooking courses.
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...Davis Wright Tremaine LLP
The FTC issued an interim proposed health breach notification rule relating to personal health records to establish federal breach notification requirements. The rule would apply to personal health record vendors, related entities, and third-party service providers. It defines a breach as the acquisition of unsecured personal health record information without authorization. Covered entities must notify individuals of a breach within 60 days and in accordance with specific requirements for method and content of notification. The rule aims to harmonize requirements with HHS rules and expand the FTC's authority to enforce health privacy and security.More Related Content
What's hot
Risk Management – The Building Blocks
Presenter: Sunder Krishnan - IRDA
Risk Management Strategy
Risk Management Framework
Enhancement and Extension of risk framework across
Support to Risk Based Capital
Rating for ERM (Enterprise Risk Management)
Self Risk Management
Self Risk assessment across functions and decentralization
Facilitation process
Corroborative Risk Management
Automated Risk Management
Quantitative Risk Management tool
Embedding risk management in process, technology and trainings
Finance for Non Financial Course
The document describes a 4-day finance training workshop for non-financial professionals. The workshop aims to help executives and managers understand key financial concepts and learn skills for making better informed financial decisions. Participants will learn about financial statements, analysis, budgeting, cost accounting, investment evaluation and other topics. The workshop is taught by an experienced instructor and CFO using presentations, examples and exercises. It is suitable for those without formal financial training who need to use financial data in their roles.
Linda prager risk and controls 1 2017
Solution-oriented professional with extensive experience in leadership, client account management, enterprise/operational risk management, governance and advisory. Focus on building sustainable, scalable platforms, including development and improvement of policies, processes, and internal controls, overseeing and conducting RCSAs for first and second line of defense and reviewing third-party administrator controls. Demonstrated ability to adapt quickly to market conditions and to identify and act on important trends.
GRI Conference - 27 May - Owen - Assurance Of Sustainability Reporting
The document summarizes research into current sustainability assurance practices and stakeholder perspectives. Interviews were conducted with corporate managers, investors, NGOs, and trade unions. Major findings include that corporations see assurance as valuable but want cost-effective limited assurance. Stakeholders had varying views on assurance value, with investors less concerned and unions skeptical of provider competencies. Incorporating stakeholders more through panels was a proposed solution, but practical challenges remain. The research also uncovered governance implications around assurance statements, voluntary reporting, and the political nature of balancing corporate and social sustainability needs.
GRI ERM Roadmap - Program Overview
One of our primary goals has been to improve risk management in the financial services sector through enterprise risk management (ERM) education and training. In order to advance this important goal, Global Risk Institute is launching a comprehensive ERM Roadmap program initiative to contribute to this important ERM practice area.
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...Colleen Beck-Domanico
Describes employment trends in banking and the three essential processes bankers should follow to ensure future risk management continuity in their banks.Why are IFAs recommending multi asset funds?
Martin Bamford's presentation for the BrightTALK Multi-Asset Summit on 16th September 2015.
A recent report suggested that nearly half of IFAs are recommending their clients invest in multi-asset investment funds. Increased market volatility appears to have resulted in more IFAs recommending these fund solutions. Despite their rising popularity, are multi-asset funds the panacea they appear to be? Are IFAs delegating too much responsibility for risk management and investment performance when opting for multi-asset funds, instead of constructing a portfolio of single-asset class funds? In this presentation, Martin will explore the arguments for and against the use of multi-asset funds for advised investment clients. His conclusions might surprise you.
We are no where
A common problem that arises for companies with numerous stakeholders is that the various stakeholder interests may not align. In fact, the interests may be in direct conflict
10 Commandments
This document discusses operational excellence in investment management firms. It provides guidance on 10 commandments for achieving operational excellence, including developing a robust legal and compliance program, building a strong team with integrity, establishing strong controls and procedures, ensuring proper separation of duties, and other operational best practices. The document emphasizes the importance of operational infrastructure and governance for protecting investors and the firm.
Craig ebert best practi8ces energy and the bottom line
1. The document summarizes key findings from a survey of highly efficient companies conducted by Pew Charitable Trusts, identifying seven common habits of these companies.
2. These habits include making energy efficiency a core corporate strategy, strong leadership support for efficiency goals, setting specific and measurable efficiency targets, effective tracking systems, dedicating resources to efficiency, achieving demonstrated results, and communicating efficiency successes.
3. The survey found that on average companies targeted annual efficiency improvements of around 3.4% and were motivated by both cost savings and risk management. Case studies of best practices at companies like Dow, IBM and Toyota were also presented.
Asset Management
In this presentation, Alexander Christodoulakis describes what the definition of asset management is and who benefits from it, the process for utilizing asset management, and what its main function is for investors.
Environmental Scanning Pres 2 1 1 12 09[1]
The document discusses the importance of environmental scanning (ES) for increasing a firm's competitiveness. It argues that firms currently perform ES in an ad hoc manner without integrating external information into decision-making. The document proposes a three-phase model to establish an effective ES system through assessing the organization, developing an ES vision, and implementing a pilot program to measure success factors. Regular ES can help firms develop strategic plans, identify new opportunities, and adapt to changing external forces.
ROS TL Response To COSO Sept 7 2016
This document provides comments on the June 2016 COSO draft guidance on enterprise risk management. The author believes the updated guidance represents an improvement over the 2004 version, but still requires major changes. Specifically, the author argues that the guidance should acknowledge weaknesses identified in past ERM implementations and the 2008 financial crisis. It should also clearly position itself as promoting an "objective-centric" rather than "risk-centric" paradigm for ERM by fully linking risk management to strategy and objectives. While the updated guidance emphasizes this objective-centric approach, the author believes it still straddles the competing paradigms which could cause confusion.
ACHIEVING RESPONSIBLE SUPPLY CHAINS
presentation to british house of commons all parliamentary committee
RCS Global Director Harrison Mitchell presents on due diligence at British Parliament in London
On 20th October, RCS Global director Harrison Mitchell presented to a packed session of the All Party Parliamentary Committee on Extractives on conducting human rights due diligence in raw materials supply chains.
The presentation provides a background for why human rights due diligence is increasingly important for all companies in the supply chain, from miners, to traders, manufacturers and investors.
Human rights issues will continue to be of significant importance to the APPC, as well as the extractive sector generally, particularly in light of new legislation currently under discussion by the European Union on conflict minerals.
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...International Federation of Accountants
Presentation by Vincent Tophoff, Senior Technical Manager, IFAC, at the 2015 General Audit Management Conference in Las Vegas, NV, March 9-11, 2015Learning institutional logics
Authors: Vern Glaser, Jochem Kroezen, Patricia Thornton
Presented at the 2015 Alberta Institutions conference
www.albertainstitutions.com
CPA Canada Risk Oversight and Governance Board Role in Risk
The ROGB develops guidance materials for boards of directors and senior officers on enterprise risk oversight, not risk management. Its goal is to offer unique support for directors to support management's activities. Twelve years ago, it began publishing the 20 Questions series, which addresses important subjects for directors by posing concise and practical questions. A brief summary and recommended practices are provided for each question. In 2012, it published A Framework for Board Oversight of Enterprise Risk to support management frameworks and provide a prescriptive approach. Feedback from directors was very positive that it was a unique and usable resource, while risk managers wanted it to provide more support. The ROGB aims to support international risk oversight efforts and ensure its director materials are aligned with risk
Credit Management Activities of ACI limited
ACI Limited is a leading conglomerate in Bangladesh that was established in 1968. It has strategic business units, subsidiaries, and joint ventures. The document discusses an internship at ACI Limited, with general and specific objectives to gain practical experience and knowledge of their credit management activities. It provides an overview of ACI's credit policies, risk management, customized credit facilities, and challenges faced by the credit division. Recommendations are made to improve the internship program through job rotation, training, and preparing students with industry skills.
Benefits realisation management, third sector forum, 13th May 2015
Benefits realisation management, third sector forum, 13th May 2015Association for Project Management
Third sector forum
Benefits realisation management
The value of benefits management and capacity and capability required to effect delivery
Ibis House - 13th May 2015What's hot (19)
GRI Conference - 27 May - Owen - Assurance Of Sustainability Reporting
GRI Conference - 27 May - Owen - Assurance Of Sustainability Reporting
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...
The Talent Gap: Three Processes Bankers Must Embrace to Safeguard Risk Manage...
Craig ebert best practi8ces energy and the bottom line
Craig ebert best practi8ces energy and the bottom line
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...
The Essential Experience for CAEs: Risk Management is Dead, Long Live Risk Ma...
CPA Canada Risk Oversight and Governance Board Role in Risk
CPA Canada Risk Oversight and Governance Board Role in Risk
Benefits realisation management, third sector forum, 13th May 2015
Benefits realisation management, third sector forum, 13th May 2015
Viewers also liked
Spicynotes
This newsletter from Good Food To Go announces an upcoming demo cooking class on March 14th offering a 15% discount. It lists the menu options and encourages signing up. It also provides an update on the cooking studio's popular classes and announces new daytime and weekday evening class times. Finally, it shares details on their hands-on cooking courses.
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...Davis Wright Tremaine LLP
The FTC issued an interim proposed health breach notification rule relating to personal health records to establish federal breach notification requirements. The rule would apply to personal health record vendors, related entities, and third-party service providers. It defines a breach as the acquisition of unsecured personal health record information without authorization. Covered entities must notify individuals of a breach within 60 days and in accordance with specific requirements for method and content of notification. The rule aims to harmonize requirements with HHS rules and expand the FTC's authority to enforce health privacy and security.Promised Lands Pp1
Powerpoint that describes Chapter 6 of Promised Lands by David Wrobel.
Pictures are added from Kansas Memory and the Denver Public Library Western History Geneology
Advisory April Showers 02.19.2009
The document summarizes identity theft compliance deadlines for organizations in Massachusetts and under federal regulations. The Massachusetts Standards for Protection of Personal Information now have a compliance deadline of January 1, 2010, extended from previous deadlines. The Federal Trade Commission's Red Flag Rules require organizations to implement identity theft prevention programs by May 1, 2009 if they are covered. Both regulations require organizations to perform risk assessments, implement security programs, train employees, and review programs periodically to protect personal information from identity theft.
Niolite BV - Internet
Gespecialiseerd in het maken van:
- Portals
- Intranets
- Webshops
- Websites
- Applicaties
Privacy Law Treatise - Table of Contents
The document discusses the results of a study on the impact of COVID-19 lockdowns on air pollution. Researchers found that lockdowns led to significant short-term reductions in nitrogen dioxide and fine particulate matter pollution globally as transportation and industrial activities declined substantially. However, the document notes that the improvements in air quality were temporary and pollution levels rose back to pre-pandemic levels as restrictions eased and activity increased again.
Philosophy Of Education
The document discusses the philosophy of education of a library media specialist. They believe they can create an exciting and interactive learning environment for students. They can also foster continuous collaboration projects between the entire school community. Additionally, they can integrate information literacy throughout the school environment to help students succeed and achieve.
Insight Publishing OPEN BOOK PROJECTS
This document promotes several self-help books and programs featuring well-known authors and coaches such as Dr. Warren Bennis, Jim Rohn, Deepak Chopra, Jack Canfield, Dr. Denis Waitley, Dr. John Gray, Bill Blanks, Marjorie Blanchard, Brad Sugars, Tony Alessandra, Alexander M. Haig, and Rudy Ruettiger. The books and programs cover topics like success, stepping stones to success, health, coaching, and self-publishing and are presented as ways to help the reader achieve their goals through inspiration and guidance from experts in their fields.
Self - Publishing Special
Many of our clients have requested assistance in authoring their own books. We know this is a time – consuming project and have laid out several options below to help with the writing. We are announcing a publishing special to make it easy & affordable!
Computer Science in Saarland
The document summarizes the computer science campus in Saarbrücken, Germany. It describes Saarbrücken as the largest computer science campus in Europe, home to numerous prestigious research institutions such as the Max Planck Institutes for Informatics, Software Systems, and other centers. It highlights the campus's success, including its top rankings and awards received by faculty members.
Oslo Mo Mo 220609
James Haliburton - Head of Innovation, The Astonishing Tribe
Disruptive processes for creating astonishing user interfaces (and experiences learned from driving global UI innovation…)
James is the Concept Lead and Head of Innovation at TAT in Malmö Sweden, where he is part of the team which makes astonishing UIs possible for mobile devices. Presently James is delivering inspirational seminars to mobile operators and manufacturers around the globe discussing strategies on how to best make meaningful experiences out of emerging technologies for our mobile world
Uxsw research on a shoe string
Some free and fast to do research activities to either inject research where resources won't allow it, or for pitches when you need to stand out....presented at the ace UXSW conference Exeter 5th December 2014
Marketing Strategies - Toyota Corolla 2014 & Honda Civic 2015 ( Pakistan)
How Toyota & Honda did Marketing for Corolla 2014 and Civic 2016 in Pakistan and suggestions to increase their outreach and sales.
Camay relaunch in Pakistan
The document outlines plans to re-launch Camay soap in Pakistan. A group including Salman Malik Shah, Ahsan Abdul Rehman, Muhammad Jawwad, Syed Muzzafar Hussain, and Sultan Nasir Khan are presenting the plans to Mr. Syed Murad Rizvi. The plans include introducing new fragrances like rose, jasmine, mint, lemon, and strawberry. Camay will also be targeted toward men with a new "Oudh" fragrance. Aggressive marketing, competitive pricing, and addressing past issues like solubility are part of the re-launch strategy. Research and development, SWOT analysis, marketing mix considerations, and conclusions
Viewers also liked (18)
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...
Ftc As Enforcer Proposed Data Breach Notification Rule For Personal Health R...
Marketing Strategies - Toyota Corolla 2014 & Honda Civic 2015 ( Pakistan)
Marketing Strategies - Toyota Corolla 2014 & Honda Civic 2015 ( Pakistan)
Similar to Where were the Boards? Thoughts regarding the global financial crisis
Certified Financial Manager
The document describes a Certified Financial Manager Certificate issued by the American Academy of Financial Management (AAFM). The AAFM is a worldwide financial professional organization that offers several industry-recognized graduate designations to qualified professionals. The 150-hour certificate program covers topics like financial management, accounting, quantitative techniques, international business and finance, portfolio management, and risk management. Upon successful completion of the program and final exam, participants will receive a certificate issued by the AAFM and accredited by the International Board of Standards.
Schwab Annual Conference 2006
The document discusses best practices for investment managers. It outlines key decision-makers should have expertise in their field and a succession plan. There should be clear lines of authority and accountability. Effective external management controls and board governance for associated funds are important. Compensation should be aligned with client interests and the work environment should attract and retain employees.
Cfo as advisor right advisory presentation [compatibility mode]
Robert Tarola, President of Right Advisory LLC, presented "CFO as Advisor" to the Innovation Summit sponsored by the MACPA in Baltimore, MD on June 16, 2014. It outlines how finance professionals can enhance their value to an organization by providing the appropriate context to their insights and advice.
Right Advisory LLC's services include helping finance professionals, executives and boards understand their organization strengths and challenges.
Burke Audit Careers Jan 8 2011
The document provides an overview of career opportunities and skills needed for an internal audit career. It discusses the importance of understanding the hiring process, challenges faced by employers like talent shortages, and key skill sets like communication, leadership, and risk management. It also covers topics like networking, resumes, interviews, and various professional certifications that can benefit an internal audit career.
Business Plans That Win
The document provides an overview of business planning and the business planning process. It discusses that business planning involves setting goals, forecasting the future, and organizing activities to achieve desired goals. Business plans are used both internally for management purposes and externally to obtain financing from investors and lenders. The key sections of a business plan typically include an executive summary, market analysis, value proposition, marketing/sales plan, management team, and financial projections. Developing a thorough business plan helps avoid surprises, organize complexity, align stakeholders, and improve business efficiency.
ToTCOOP+i O3 o4 unit-8_final version_en
The document provides an overview of a training on management of financing and investment issues for agri-food cooperatives. It includes an agenda covering topics such as finance management competencies and responsibilities, financial management tasks like budgeting, rules for making good financial decisions, net present value calculations, theories for analyzing companies, and making both long-term and short-term financial decisions. Short-term decisions involve working capital and cash management. General accounting principles and the circulation of financial documents are also addressed. Activities include discussions of budgeting, competitiveness advantages, three lenses analysis theory, and sources of funding for development projects.
Feasibility Study and Business Plan.ppsx
The document discusses various aspects of starting a new business, including generating ideas, evaluating ideas through feasibility studies, preparing a business plan, executing the business plan, and the role of society and family. It provides details on conducting industry and market analysis, assessing financial feasibility, and evaluating the entrepreneur. Key components of a business plan like the executive summary, organization description, marketing plan, and financial projections are also outlined. The document emphasizes the importance of alignment between strategy, people and processes for successful business plan execution and ongoing review.
Enterprise Risk Management (ERM) Framework 2020
The underlying premise of enterprise risk management is that the Company exists to provide value for its stakeholders – customers, employees, and shareholders. Like any business, every Company faces some uncertainty, and the challenge for management is to determine how much uncertainty to accept as it strives to grow stakeholder value. Uncertainty presents both risk and opportunity, with the potential to erode or enhance value. Enterprise risk management enables senior management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value. Value is maximized when management sets strategy and objectives to strike an optimal balance between growth and return goals and related risks, and efficiently and effectively deploys resources in pursuit of the entity’s objectives. These capabilities inherent in enterprise risk management help management achieve the Company’s performance and profitability targets, and minimize loss of resources. Enterprise risk management helps ensure effective reporting and compliance with laws and regulations, and helps avoid damage to the Company’s reputation and associated consequences. In sum, enterprise risk management helps the Company get to where it wants to go and avoid pitfalls and surprises along the way. Enterprise risk management encompasses:
• Aligning Risk Appetite and Strategy
• Enhancing Risk Response Decisions
• Reducing Operational Surprises and Losses
• Identifying and Managing Multiple and Cross-Enterprise Risks
• Seizing Opportunities
• Improving Deployment of Capital
• Leveraging Talent, Structure, Process, and Capital
Risk Management Essentials for Bankers
This material is to help bankers especially risk managers gain a basic understanding on key risks facing banking institutions.
C G Transparency
The document discusses key principles and guidelines related to corporate governance. It outlines principles from organizations like OECD on equitable treatment of shareholders, board responsibilities, transparency and disclosure. It also discusses concepts like related party transactions, risk management, and the roles of directors, auditors and investors in ensuring good corporate governance. The board should act with high ethical standards and in the best interests of the company and shareholders.
Financial realities to strategy (public)
This document summarizes a seminar on applying financial realities to strategic planning. The seminar objectives are to help professional services firms use advanced financial models in parallel with strategic planning to assess how different strategies could impact revenues, returns, and risks over time. This enhances strategic decision making. The seminar will discuss building a robust strategic forecasting model, capabilities that enhance decision making, integrating strategic and operational forecasts, and approaches to strategic risks.
Enterprise Risk Management - Aligning Risk with Strategy and Performance
COSO, which has provided global thought leadership and guidance on internal control, enterprise risk management, and fraud deterrence for over three decades, recently released a draft update to the original COSO ERM Framework. This framework is widely used by organizations to enhance their ability to manage uncertainty, gauge risk, and increase stakeholder value. However, significant new risks have emerged since the Framework was released, demanding heightened board awareness and oversight of risk management, as well as improved risk reporting. For those organizations exploring ESRM – these themes will be strikingly familiar and the lessons learned, highly relevant.
Presentation by: Bob Hirth, Global Chairman of COSO.
Xybion - best practices for audit management - final
Exybion, a leading provider of integrated governance, risk and compliance software solutions presents "Best Practices for Mastering Audit Management.
Cg Transparency
The document discusses key principles of corporate governance including equitable treatment of shareholders, consideration of stakeholder interests, and ethical decision making. It outlines recommendations from organizations like OECD on ensuring good corporate governance through practices such as board oversight, transparency, and disclosure. The document also discusses issues related to governance in India such as board responsibilities, requirements for disclosing financial and operating results, and the role of independent directors.
Aligning Corporate Strategy with Risks in order to avoid a Crisis
Aligning Corporate Strategy with Risks in order to avoid a CrisisCorporate Excellence - Centre for Reputation Leadership
Due to the current instability in the business world, organizations should be able to anticipate changes and have coherent responses at hand to effective manage risks, create value, build good relations, increase profit and improve competitive positioning.
A report titled Exploring Strategic Risk issued in 2013 for Forbes Insights by Deloitte, contains some very important conclusions for the business community. 300 executives from around the world were interviewed for the study, in an attempt to find out their vision of the risk strategy and current changes and analysing how organizations should face these new challenges.
Sometimes it is difficult to link risks to a specific financial impact and not all data are pertinent to the evaluation of emerging risks. That's why companies have to be aware of internal risks and manage them well in order to be able to manage external risks and invest into strategic assets such as human capital, clients and innovation.
This insight explains the case of the financial services as the sector that less trust generates due to its short-sightedness, lack of values and lack of professional education that resulted in corruption and bad practices, which compromised the financial sector.
The report A Crisis of Culture: Valuing Ethics and Knowledge in Financial Services examines the role of integrity and knowledge in restoring culture in the financial services industry. The conclusions appear in the full version of this document.
The financial industry is just one example in the wider panorama. Lack of values is widespread and creates significant risks. Bad practices trigger problems such as loss of profit, loss of reputation and even loss of shareholders, clients and employees.
The crisis, as well as the arrival of new technologies, urges companies to maintain their good practices and emphasize aspects as ethics, leadership, commitment, performance, transparency and sustainability.
The digital revolution and social networks encourage companies to be more transparent: companies meet their promises and obligations, deliver a coherent dialogue and improve the relationship with their stakeholders.
Application of values raises the possibility of good results and profits for companies through improvement of their reputation and business as well as optimization of resources. This certainly creates competitive advantages, establishes a strong cultural connection and improves employees’ motivation.
Before taking any decision, an institution should keep in mind the fact that it needs implicit and explicit public approval. Good business management implies risk management, creating a climate of trust, good will, credibility, social commitment and empathy between stakeholders and the company.Sustainability reporting
This document discusses sustainability reporting and how companies decide which sustainability initiatives to pursue. It provides insight into how companies gather, assess, and disseminate information about their socially responsible activities. Specifically, it outlines the benefits of sustainability reporting, how to embed sustainability in organizations, identifying material sustainability matters, managing these matters, and communicating performance through reporting.
Cp knowledge cg value additions 29.06.08.
Corporate governance involves managing a company for the benefit of all stakeholders, including shareholders, employees, customers, suppliers, and society. Good corporate governance practices include transparency, accountability, fairness, and following ethical principles. Companies that follow good governance generate higher returns and profits, invest more in research, develop high-performing employees, and create value for all stakeholders, leading to sustainable development.
Corporate governance
Meaning, codes, scope, importance and issues in corporate governance, role of the board, disclosure measures and investor protection etc.
Bsba orientation
Financial officers handle the financial health of an organization by producing reports, directing investments, and developing long-term financial goals. Their duties include preparing financial statements and forecasts, ensuring legal requirements are met, reviewing reports to cut costs, and analyzing trends for expansion opportunities. They oversee the organization's financial activities and work to achieve its long-term financial objectives.
Bi planing process
This document discusses establishing an Agri Business Incubator (ABI) at IIAM. It outlines the goal of preparing a business plan to support the incubator. It then discusses defining the incubator's focus, location, organizational structure, services, funding sources, and revenue model. The next steps are to gather feedback, develop a draft business model, identify resources and funding, and draft a memorandum of agreement with ICRISAT to finalize the business plan for the ABI at IIAM.
Similar to Where were the Boards? Thoughts regarding the global financial crisis (20)
Cfo as advisor right advisory presentation [compatibility mode]
Cfo as advisor right advisory presentation [compatibility mode]
Enterprise Risk Management - Aligning Risk with Strategy and Performance
Enterprise Risk Management - Aligning Risk with Strategy and Performance
Xybion - best practices for audit management - final
Xybion - best practices for audit management - final
Aligning Corporate Strategy with Risks in order to avoid a Crisis
Aligning Corporate Strategy with Risks in order to avoid a Crisis
Where were the Boards? Thoughts regarding the global financial crisis
- 11. Risk awareness fosters prudence CUMULATIVE RISKS CUMULATIVE RISKS I M P R O V E M E N T and C O S T B A S E D CUMULATIVE IMPROVEMENT Let's additionally highlight the “ Company Image Risk ” E F F I C I E N C Y Business Proceses Risks Business Units Risks Top Management Board Various External Forces Risks Suppliers Risks Alliances/Partners Risks Regulation Risks Competition Risks Business Proceses Risks Business Units Risks Top Management Board Various External Forces Risks Suppliers Risks Alliances/Partners Risks Regulation Risks Competition Risks
Editor's Notes
- There are many successful cases about which plenty has been written, including their board functions and their composition, as established in the “codes of best practice”s indicated by Authorities (1) & Corporate Governance Associations (2,3 & 4) which exist nowadays almost in every country. All have bodies of knowledge and many, as in NACD's case, are managed by a knowledge officer. (1) CNV Comisión Nacional de Valores (SEC of Argentina) (2) IAGO Argentine Institute for Corporate Governance (3) NACD National Association for Corporate Directors, Washinton, DC, USA (4) IBGC Brazilian Institute for Corporate Governance
- -Reality Index (PIE?) -Desconect with reality (Mayas-NG) -Ex.The company -Entropia Organizac. -Innovation – Commodity? .Quality: - customer (greed – power)
- -Reality Index (PIE?) -Desconect with reality (Mayas-NG) -Ex.The company -Entropia Organizac. -Innovation – Commodity? .Quality: - customer (greed – power)
- The Metrix of CGQ Attractive Qlty – Must be Qlty Kano
- This paper describes today´s key functions of a professional board, which must also include independent directors. An excellent quality board must: -control and guide management, -approve and follow up plans and budgets. -ensure an image of transparency, -hence comprising policies that ensure beyond shareholders and investors satisfaction, that of customers, personnel, suppliers and solidarity with the community. All this of course, while supplying quality products and services at reasonable prices. These companies will be rewarded by the market, the others shall face serious difficulties, if they survive at all.