Risk

1. NEWS: Audit reform 26 January, 2023

   Audit reform in the UK risks ‘losing momentum’

   The Financial Reporting Council still awaits the proposed new statutory powers that would allow it to enforce substantive change.

2. NEWS: Climate litigation 18 January, 2023

   Companies ‘will face growing climate litigation’

   ‘Do your homework’ and get ready for a rise in climate-related lawsuits, warn legal experts at this year’s Davos conference.

1. 

   NEWS: Investor relations, 17 January, 2023

   Top fund fires warning shot at ‘laggard’ boards

   Norges Bank chief executive warns boards of investor pressure on climate proposals and challenges ‘corporate greed’.

2. 

   INSIGHT: Whistleblowing, 16 January, 2023

   Why we need to value whistleblowing

   Encouraging staff to speak up and stop harm can reduce legal and reputational risk—both for the organisation and its board members.

3. 

   NEWS: ESG risk, 9 January, 2023

   D&O insurance looks to ESG liability

   Insurers’ growing interest in corporate governance may drive companies to improve management of ESG risk, research finds.

4. 

   NEWS: Climate risk, 19 December, 2022

   Biodiversity crisis: pressure builds on companies

   As COP15 in Montréal strives to protect ecosystems, investors are already showing concern about the risks to business of biodiversity loss.

5. 

   NEWS: Climate disclosure, 15 December, 2022

   Fall in number of firms doing well on climate disclosures

   There are fewer top-scoring organisations than last year and little improvement overall, finds Climate Disclosure Project survey.

6. 

   NEWS: Governance, 13 December, 2022

   UK boards face internal controls shake-up

   The government’s reform proposals include seeking disclosures from many non-financial public interest entities.

7. 

   INSIGHT: Climate-related risk, 5 December, 2022

   5 questions to help boards walk the green talk

   It may sometimes take courage, but asking questions is the most effective thing a board director can do to address climate-related risk.

8. 

   INSIGHT: Risk management, 5 December, 2022

   Listen up—and get a feel for future risk

   In a world rife with conflict, boards can develop valuable strategic opportunities from the geopolitical knowledge of their general managers.

9. 

   INSIGHT: Risk management, 1 December, 2022

   Risk: beware the leadership clique

   The rapid collapse and bankruptcy of huge cryptocurrency exchange FTX carries a salutary lesson about the need for challenge on every board.

10. 

    NEWS: Risk analysis, 30 November, 2022

    Embrace data analytics to boost risk assessment, advises CIIA

    Chartered Institute of Internal Auditors’ report cites a lack of skills, resources and time as organisational barriers to effective analysis.

11. 

    NEWS: Governance, 25 November, 2022

    News round-up: this week in governance

    Shared audit's £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?

12. 

    COMMENT: Audit reform, 25 November, 2022

    Why we need audit reform right now

    There is an "urgent need" for reform to the audit landscape as well as internal audit, the Chartered IIA argues.

13. 

    COMMENT: Climate change, 16 November, 2022

    Sustainability and climate change: the other energy crisis

    The world is addicted to cheap energy. We need to admit this and have the courage to put oil, gas, and coal into stewardship.

14. 

    INSIGHT: ESG-related risk, 4 November, 2022

    ESG and your supply chain

    Businesses looking overseas for innovative solutions to supply chain disruption need to be aware of the potential for ESG-related litigation.

15. 

    INSIGHT: Governance and innovation, 27 October, 2022

    Governance must not stand in the way of innovation

    As regulation increases, innovation suffers—but a diverse, savvy board can promote a corporate culture open to change.

16. 

    NEWS: Succession planning, 20 October, 2022

    Succession planning can calm the market

    When a good CEO announces their departure, revealing a succession plan eases the pain in more ways than one, finds research.

17. 

    NEWS: Governance, 18 October, 2022

    MPs demand jail time for directors who fail to prevent fraud

    MPs are tabling an amendment to the economic crime and corporate transparency bill to address ‘outdated and ineffective’ liability laws.

18. 

    INSIGHT: Greenwashing liability, 13 October, 2022

    Greenwashing: are directors ultimately liable?

    Directors who pay lip service to climate-related risks may be exposed to breach of duty claims for failing to protect firms’ interests.

19. 

    NEWS: Governance, 6 October, 2022

    Meta faces US lawsuit over its corporate governance

    A Meta stockholder alleges that the company’s business model failed to consider the risks to society and to ‘diversified stockholders’.

20. 

    INSIGHT: Board behaviour, 20 September, 2022

    Why do narcissistic CEOs promise and fail?

    A new study reveals that narcissistic chief executives tend to announce more share repurchases, yet not follow this course of action through.