Articles - Boardroom360 - Shaping the world of governance

By: Boardroom  05-Apr-2012
Keywords: Directors

Articles - Boardroom360 - Shaping the world of governance

Directors are accountable to ensure the numbers are correct

"LAWYERS for disgruntled Centro investors have argued there is ample evidence to show executives and directors of the shopping centre owner were nervous about the company's short-term debt position ahead of a disastrous $3.1 billion error in the company's 2007 accounts" ( "The Australian" 6/3/2012). 

CEO and Board remunerations - Have we got them right?

Dramatic increases in CEO compensation packages, coupled with a series of corporate failures have reinvigorated the attention to governance structures and practices that promote efficiency and transparency. A current concern relates to the setting and control of a CEO’s compensation packages which often appear excessive. Another concern derives as an outcome from investigations into corporate failures reinforces that it is the directors/trustees who are usually the ones called to account through our Justice System for any failure or wrongdoing.

When the recessionary tide went out was your Board found to be swimming naked?

n good economic times Boards spend time considering current and potential performance and enjoy seeing the organisation's repeatedly healthy economic rewards. However when the tide changes the real test of a Board's ability is revealed. How well would the Boards you service rate?

The new challenge for Boards - Developing the Organisation’s DNA?

Achieving the true spirit behind governance is more that talking about it. We all know that a strong and knowledgeable board can make a significant difference to the performance of any organisation, but how many boards can truly say that they work hard to ensure that the board comprises of individuals with not only the right abilities but who are passionate about developing the right organisational culture and ethics.

The information in this article was current at 27 Mar 2012

Keywords: Directors

Other news and updates from Boardroom

05-Apr-2012

Directors are accountable to ensure the numbers are correct - Boardroom360

It can.In recent times we've had Directors in court (in particular Feltex and Lombard Finance come to mind) trying to explain why they haven't looked at the financial statements close enough. If your organisation has stock, then you need to check whether that stock is valued correctly and whether provision has been made for any obsolescence or possible very slow-moving stock.


05-Apr-2012

360 Assessment - Boardroom360

We assess a Board's governance capability - from processes to behaviour, enabling board members to govern more effectively. The board is prioritising and assessing the effectiveness of its risk management and corporate governance procedures. The board can keep up with and manage the changing risks facing the business. The organisation is engaging with its shareholders and stakeholders.


05-Apr-2012

CEO and Board Remunerations - Boardroom360

In spite of the accountability that goes with a director's role you could just imagine the uproar if directors fees were similarly increased in line with the extra accountabilities they hold which suggests the ultimate accountability that directors take on when they accept a directorship is now fully understood.


05-Apr-2012

Recessionary tide went out - Boardroom360

Like the US financial institutions banks in many countries did not see the recession coming – they were actively promoting 100% mortgage lending and so when house prices fell both the banks and the buyers were hit hard – you could say they swam straight into a rip-tide at the cost of the shareholders.