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

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news