About half of the UK’s largest public companies have not complied with the country’s Corporate Governance Code. Some companies are showing more interest in certain aspects of governance, according to Grant Thornton research, but some are showing a “weariness or lack of commitment toward the concept of transparency.”
Average pay has increased by nearly 10% in the past year for directors of public companies, according to an analysis by BDO USA. Board retainers and fees make up about three-fourths of directors’ total compensation. Directors make the most, on average, in the technology sector ($177,249).
A survey by the Institute of Internal Auditors shows that most companies plan to maintain or increase staff and budget for internal audit. The report also takes a look at what risk categories audit executives will focus on in 2013.
New SEC regulations require US public companies to dig into their supply chain to trace the origin of the so-called “conflict minerals” of tin, tungsten, tantalum and gold. Experts are advising companies to build cross-functional, empowered teams to comply with the rule, which is aimed at choking off funding to oppressive warlords who run mines in Africa.
If your company does business overseas, you are about to feel the rapidly rising influence of the Asian consumer. Is your company prepared for this economic shift?
Technology considerations are significantly expanded in the Committee of Sponsoring Organizations of the Treadway Commission’s updated internal control framework proposal. When issued in the first quarter of 2013, the framework will include significant guidance on how to manage risk while capitalizing on the benefits of technology in the era of big data.
Private-equity firms can no longer generate adequate returns for their investors by just leveraging debt and financial engineering. So they’re looking for untapped growth opportunities. A new survey reveals where they think they have found them.
Small and mid-size companies looking for business-friendly markets overseas could check out a World Bank report that tracks regulatory reform efforts in 185 countries. Many of the top improvers are rarely found among up-and-coming economies.
Companies are increasingly turning to internal auditors to identify operational risks, provide business advice and analyse information at the speed of light. With so much on internal auditors’ plates, effective communication can easily be overlooked. Here’s a look at why communication is such a vital tool in an internal auditor’s armoury.
The US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) released a 120-page guide Wednesday providing a detailed analysis of the agencies’ approach to enforcement of the US Foreign Corrupt Practices Act (FCPA), which is designed to prevent bribery and corruption of foreign officials by companies seeking to gain a competitive business advantage.
Risk management has become an important issue for business because of volatile capital markets, uncertainty over the economy, fears about reputational damage and broader concerns over the sustainability of companies and the environments they affect.
When it comes to corporate boards, CFOs increasingly are in demand for their financial and strategic expertise. The benefits of serving in those positions include gaining general management or board knowledge, and gaining exposure to different companies or industries, according to a new report.
In the past year, CFOs worldwide have become less optimistic about the future success of their companies’ international expansion plans, a survey found. Discover which seven countries best meet their reduced risk appetite.
David Norton, one of the fathers of the widely used Balanced Scorecard, outlines five major challenges performance management systems must overcome to remain effective.
Emerging markets have great potential for rapid growth, but corruption can run rampant. Existing processes exist to identify and mitigate corruption risks, but fewer than 40% of companies doing business in countries most prone to corruption use them well in mergers and acquisitions, with third-party agents or when establishing new operations, research shows.
To establish footholds in emerging markets, companies are sending more and more employees overseas, but many of their global mobility teams are ill-prepared for the financial and compliance risks that accompany such deployments.
The study, which analysed data from 128 countries, quantifies the costs of gender inequality to a country’s economy and scores countries based on the effectiveness of their efforts to empower women.
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a thought paper, Risk Assessment in Practice, designed to help organisations find the optimal risk-taking zone, which the paper refers to as the “sweet spot.”
Fear of making errors on the job was the most common workplace fear cited by workers in a recent survey. Experts say being averse to errors and mistakes is healthy, as long as fear of failure does not prevent workers from capitalizing on opportunities for innovation.
The likelihood of employees changing jobs in the next six months continues to rise, and the skills of employees frequently do not match job requirements in emerging countries, a new survey shows.
