With businesses all over the UK (and world) feeling the effects of the coronavirus, what support can board expect for their business?
The government’s business support website has been updated to provide information on how businesses and their employees are being supported through what it calls a ..
On 26 March, the Financial Conduct Authority, Financial Reporting Council and Prudential Regulatory Authority announced a series of actions to help companies during the coronavirus pandemic.
Among these was a relaxing of the rules around corporate reporting. Here we look at what this means for corp..
Your board sits at the heart of your corporate strategy.
It drives long-term decisions as well as immediate reactions to changing circumstances – something in the spotlight recently as the Coronavirus outbreak and uncertainty around Brexit create a rapidly-changing business landscape.
Your board pl..
The sixth edition of Deloitte’s Women in the boardroom – A global perspective report was published recently.
The report shares the latest statistics on global boardroom diversity, covering 66 countries. It looks at how companies are trying to improve gender diversity, and the political, social, and..
If you work for a business regulated by the Financial Conduct Authority, the financial regulator’s actions and priority areas give you a good steer as to where your attention should be focused.
It’s worth noting, then, that in the first few weeks of 2020, the FCA has already issued a ‘Dear CEO’ lett..
That’s according to a report issued last month by the Financial Reporting Council.
The report forms the Council’s annual review of the UK Corporate Governance Code. It claims that if companies want to ‘demonstrate their positive impact on the economy and wider society’, they need to improve both go..
‘Digital transformation’ has been an ongoing theme in business over recent years.
In financial services, for instance, as we explored in a recent blog, digital transformation is a concept which has now become central to a successful business strategy.
It has led to faster, more cost-effective operat..
Portal technology is making the process of producing and hosting board papers easier and more professional than ever.
As a result, more and more boards are moving to a portal-based approach. But with a myriad of solutions and suppliers in the market, how do you know which one to choose?
Here we out..
A recent study by consultancy Green Park found that improvements in diversity among FTSE 100 firms is ‘flatlining’.
The research found that only 3.3% of FTSE100 Chairs, CEOs and CFOs are black, Asian and minority ethnic (BAME) – a number that has shown no improvement since 2014.
What makes a truly successful board? There’s no doubt that some boards perform their duties more effectively, and with more impressive results, than others.
What stands these boards apart from their less successful counterparts?
While every board is different, there are a few factors and traits that..
Corporate governance is always a topical subject.
In a rapidly changing world, what should corporate governance look like? What areas should the board focus on? How can they drive their organisation in a direction that’s compliant with regulations and in tune with public priorities?
Just six of the FTSE 100 currently have female CEOs, according to the ICAEW. As of August this year, there were more men named Steve heading FTSE 100 firms than there were women.
The importance of diversity in the boardroom has long been recognised. Having a range of views enables boards to make rou..
Behavioural biases underpin a lot of what we think, see and do.
Boards, of course, are just groups of people, and as an entity, are vulnerable to the same weaknesses as individuals. Working as a group may in fact make board members more, not less, susceptible to the dangers of groupthink and other b..
Voting is the way boards make decisions on organisational strategy and many other issues.
Formal votes tend to follow a set process that requires a board director to propose a motion and another director to second it. But a wealth of other, less formal decisions also need to be made – anything from ..
Traditionally, remuneration decisions have been made by an organisation’s board and most senior executives.
Today, with an increasing focus on good governance, a specialist remuneration committee is often set up to make decisions about reward. Sometimes this is a subset of the board; sometimes a com..