“The only easy day was yesterday.” -Navy Seals Mantra New, unfamiliar, increasingly complex risks are coming at corporations from all directions. The risk landscape has never been more relentless – and it isn’t going to get easier. If unaddressed, “new” risks can quickly: Disrupt business Damage reputation Destroy value Having in place an executive voice of risk in the organisation that leads the risk agenda helps deliver the business model and drive business performance. According to Tomorrow’s Company Good Governance Forum and CMGA, the following attributes make a successful risk leader: 1. Independent and influential 2. Clear and concise communicator 3. Standard bearer for what’s right … Continue reading #AlignedValue How to pick a successful risk leader via @CGMA & @Tomorrows_co
In a recent Harvard Business Review article, Guhan Subramanian asserts that the current system of corporate governance was borne of patchwork policy and regulation – created by consequences, not intentional design. As a result, our current system of governance can be ineffective, allowing unintended outcomes that subvert common sense and public policy. Guhan suggests a “back-to-the-basics” approach to create effective corporate governance based on three principles: 1. End the culture of short-termism. Financial performance is not just a quarter-over-quarter, year-over-year endeavor. Boards should have the right to manage the company for the long term. 2. Develop More Qualified Director-level Talent. Boards should install mechanisms to ensure the … Continue reading #AlignedValue Deconstructing #CorpGov as we know it to Reconstruct Effective Oversight
Standing room only! The mood is…electric. Sorry no photos or video during the meeting. Somethings can only be experienced in-person. Continue reading #AlignedValue Live at #BerkshireHathaway #BRK50 @CenturyLinkOma // 40,000+ have arrived // Standing room only!