Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Report assists boards to succeed in era of disruptive change

Media release

24 January 2014

Report assists boards to succeed in an era of disruptive change

In an environment of ongoing, tumultuous change, organisations and their boards of directors must respond quickly and adeptly if they are to effectively address all the disruptive changes that surround and affect them, according to a new report by Deloitte’s Global Centre for Corporate Governance.

The Director’s Alert 2014 report, entitled Greater oversight, deeper insight: Boardroom strategies in an era of disruptive change, includes observations from governance specialists from Deloitte member firms around the globe on the opportunities and risks that boards and management must address in order to develop the right strategies within the context of today’s business environment.

Deloitte’s head of audit, Peter Gulliver says that the report focuses on ten key issues likely to face organisations and their boards of directors in 2014.

“The purpose is not to provide solutions to the issues discussed, as the best approach for any organisation will depend on its own particular circumstances.  Instead, our objective is to assist directors in identifying the issues of importance to their organisations, and to help promote boardroom discussions around the strategies and options management has put forward to address current and future challenges, mitigate the risks and seize the opportunities that lie ahead,” Mr Gulliver says.

“The report includes a set of questions around each issue to facilitate boardroom discussion, and is supported with tools and resources so directors can dig deeper to broaden their understanding and improve their board’s effectiveness in dealing with them,” adds Mr Gulliver.  

The ten issues that boards of directors may face in 2014 are:

•          How innovative is your organisation about innovating?
•          Is your organisation at risk of being a cyber-crime victim?
•          It’s about doing better, not more
•          Volatility isn’t just economic when setting strategy
•          Is your organisation aligned for growth?
•          Developing the leaders of tomorrow
•          The pace of regulatory change continues
•          Integrated reporting – are you telling your story…the whole story?
•          Could tax be dangerous to your brand’s health?
•          Balancing diversity and expertise to maximise board effectiveness

To read or download Directors’ Alert 2014, go to http://www2.deloitte.com/global/en/pages/risk/articles/directors-alert-2014.html

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news