(The Harvard Law School Forum on Corporate Governance and Financial Regulation, 8 May 2012) In Brief: Of the 180 companies to report say-on-pay results so far, 65% were successful with 90% or more support, 25% passed with 70.1 to 90% support, 8% passed with between 50 and 70% support, and 2% got less than 50% [...]
Read more(FCPA Compliance and Ethics Blog, 10 April 2012) In Brief: Do define success with your board, let the board create its own agenda, and invite external experts, but don’t spend time on trivial matters, work on a short-term and reactive basis, and let company executives control the board, says this article. Our View: The General [...]
Read more(Compliance Week, 5 April 2012) In Brief: Financial reporting and related internal control risk should be the primary area of focus for Audit Committees this year, says a new report. Other critical issues on the “to do’s” list include corporate strategy, the regulatory environment, and crisis readiness. Our View: Leading audit departments solicit feedback from [...]
Read more(Treasury and Risk, 23 March 2012) In Brief: Internal audit functions should take a more strategic position to help manage the increasing array of risks, according to a study of the profession. Our View: Finite department resources often fail to meet expanding stakeholder expectations for broader risk coverage, leaving audit directors tasked with the difficult [...]
Read more(Corporate Compliance Insights, 20 March 2012) In Brief: Audit committee members will pay close attention this year to risk management processes, regulatory compliance, corporate strategy, and the uncertainty associated with emerging technology. Our View: Leading risk teams effectively enable and prepare the board and audit committee to fulfill responsibilities related to risk oversight, including: reviewing [...]
Read more(The Harvard Law School Forum on Corporate Governance and Financial Regulation, 24 March 2012) In Brief: Whistleblower response to the SEC bounty program and enforcement of the Foreign Corrupt Practices Act (FCPA) are among the top compliance issues US boards and their audit committees expect to face this year, according to this article. Our View: [...]
Read more(Corporate Compliance Insights, 20 March 2012) In Brief: Audit committee members will pay greater attention this year to risks associated with emerging technologies, risk management processes, regulatory compliance, and corporate strategy. Our View: Overloading committee members with details and masking important risk information frequently keeps them from focusing on the right risk areas and ultimately [...]
Read more(CFO.com, March 2012) In Brief: Even some US companies that have passed muster on say on pay will have to show improvements before the next advisory vote, this writer says. Reasons why shareholders voted against approval in 2011 include: pay for performance disconnect, poor compensation practices, and poor disclosures. Our View: Companies need to address [...]
Read more(Risk Management Professional, 29 February 2012) In Brief: Too few boards and senior executives are engaging in IT risk oversight activities and linking threats such as data security to enterprise risk management frameworks, a recent survey of global C-suite executives and board members found. Our View: The furious pace of technological innovation is creating exciting [...]
Read more(Gibson Dunn, 7 February 2012) In Brief: According to the UK’s Financial Reporting Council, 50% of firms listed on the FTSE 350 stock market complied with the UK Corporate Governance Code last year. Areas for improvement include: better quality audit and remuneration committees reports and more investor engagement on long-term issues. Our View: Board members [...]
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