Seven items for boards to consider as they focus their 2019 agendas on the critical challenges at hand and on the road ahead.
Technological innovation, digital disruption, and the complexity of business are sharpening the focus on risk management and the internal control environment.
Insights and highlights from the 2019 KPMG Board Leadership Conference, including the economic and geopolitical outlook; the CEO perspective; board engagement in strategy; technology, digital disruption, data risk, and privacy; long-term performance; shareholder versus stakeholder primacy; talent, diversity, culture, the workforce of the future; and hot topics for board committees.
The top geopolitical risks for 2019, according to Eurasia Group, include the sowing of “bad seeds” for the future, the ongoing trade showdown between China and the United States, an increasingly challenging cyber battle, European populism, and several country-specific developments.
Just when boards and management think they have finally figured out how to accommodate millennials as employees and customers, along comes iGen to reverse many millennial trends.
KPMG’s report from the 2017 AICPA Conference on Current SEC and PCAOB Developments includes a discussion of the regulatory priorities of new SEC leadership, insight on ongoing implementation efforts and preparation for new accounting standards, and expectations for disclosure and auditing in the future.
For all its focus on the business and the marketplace, the board itself can be vulnerable to its own blind spot: boardroom culture.
The survey findings offer insights that audit committees around the world can use to sharpen their focus, benchmark responsibilities and practices, and strengthen oversight.
Companies and boardroom discussions are moving at different speeds on addressing environmental and social issues; yet, the board can help lead the organization forward by focusing on the big picture.
Many audit committees are taking a closer look at their interactions with management’s disclosure committee, including their understanding of its operations—particularly how controls and procedures are updated in light of changing and expanding disclosure requirements.
Key elements of a governance structure will vary depending on the size, complexity and maturity of the company -- and where it is in its life cycle.