In the decade since the collapse of Lehman Brothers triggered the global financial crisis, governance and leadership roles in banking have been transformed for the better. But is it now time for banks to assess progress, and question whether it is necessary to reduce the regulatory burden and the increasingly one-size-fits-all approach taken by supervisory bodies?
The use of shared service centres (SSCs) has grown over the decades. They offer many benefits to finance and accounting departments, but the rise in automation and digitisation will bring a radical shakeup of the SSC business model, which has implications for the companies using them.
Integrated reporting is gaining in popularity, but it needs the right skills among non-executives if their credibility is to be enforced, writes Prof. Carol Adams, professor of accounting at Durham University.
Why is the practice of corporate governance so different from best practice standards? Effective corporate governance "in practice" is fluid, context-specific and depends on practitioners’ skills, initiative and adaptation.