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.
The need for boards to focus on the long-term value of their organisations is by now well known, but communicating this clearly to stakeholders is crucial if they are to regain public trust and remain sustainable.
Cybersecurity has become one of the biggest concerns for boards and investors. FTSE 350 audit committee chairs and institutional investors recently discussed how boards can best protect their companies—particularly ahead of the new data protection law in May.
Corporate culture is a hot topic for discussion right now, but how can boards get it right in practice? Directors can get ahead of the game by using digital tools to cultivate a strong culture and long-term success.