Tag: risk reporting
OECD warns that Covid-19 requires a governance response
Corporate governance will play a “crucial role” in supporting the recovery of economies after Covid, according to OECD chief Mathias Cormann.
Covid-19: UK business institutions and advisers set out likely impact
The Bank of England, the Treasury, regulators and professional bodies have been issuing assessments and advice regarding the ongoing coronavirus crisis.
FRC issues advice on coronavirus risk disclosures
UK watchdog says businesses with operations in affected areas should consider whether coronavirus should be included in their disclosures on material risk.
Norway pushes for mandatory human rights due diligence
Draft act imposes a duty for firms to know the “salient risks” to human rights in direct operations and provides a “right to information” about any impact.
Workforce Disclosure Initiative puts pressure on big names
Investor group ShareAction is targeting companies including Walmart, Rio Tinto and Coca-Cola to improve reporting on workforce issues.
Risk management: prevention is better than cure
The real skill in risk management is not preventing past crises from recurring, but learning from them and identifying root causes to prevent them happening at all, explains Anthony Fitzsimmons of Reputability.
Investors seek more ‘comprehensive information’ on risks
Financial Reporting Lab reveals that risk reporting has improved but investors want to know whether disclosed risks are general or “specific” to the company.