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