Every audit committee fulfils the same central responsibilities for financial reporting oversight, but committee practices vary from company to company. Perhaps because of this diversity, members of the Audit Committee Leadership Network (ACLN) were…
Accounting and financial reporting, Board and committee effectiveness, Working with the internal and external auditor
The coronavirus-induced economic crisis reshaped the financial performance of companies across all industries, albeit in different ways. Some companies suffered sustained shutdowns or slowdowns that led to severe underperformance; in other cases,…
Enterprise risk management (ERM) has been through a decade of change since the financial crisis. Management teams—overseen by attentive boards—set out to create processes to help better prepare for future events. The COVID-19 pandemic placed risk…
Board risk oversight
The initial response to the COVID-19 pandemic, which included mandatory shutdowns and a rapid transition to remote work, forced leaders to adjust their styles and approaches. As companies and their boards manage through the current, prolonged phase…
Board and committee effectiveness, Boards and General Management
As details on the Center for Medicare & Medicaid Innovation’s (CMMI) new Oncology Care First (OCF) model remain undecided, participants of the oncology alternative payment models (APMs) advisory council met in October 2020 to take stock of new…
New payment models, New regulatory and reimbursement approaches, Health system readiness / Healthcare
As the COVID-19 pandemic spread across the world, business leaders realized the need to rapidly adapt operations—supply chain, sales, communications, infrastructure, and more—and many have dramatically increased the pace of digital innovation as a…
Boards and General Management, Board risk oversight
Internal audit teams are responding to rapidly changing risk landscapes and control environments. Remote working conditions, shifts in operations imposed by the pandemic, accelerated digital innovation, and economic stress have introduced new risks…
Boards and General Management, Board risk oversight, Working with the internal and external auditor
The COVID-19 pandemic and its economic impact are once again raising questions about the state of enterprise risk management (ERM) in large global companies and the options for improving it. Like previous crises, this one is forcing companies and…
Board risk oversight
Recent global protests have pushed diversity, equity, and inclusion (DE&I) to the top of board agendas. Corporate leaders are feeling pressure to turn anti-racism statements and commitments into concrete actions. During an October 5, 2020…
Board and committee effectiveness, Boards and General Management, Executive Compensation
The COVID-19 pandemic has served as an inflection point for the insurance industry, accelerating its digital transformation and forcing companies to consider new possibilities for the future of work. Insurers have rapidly scaled technology…
Innovation and technology, Financial services leadership and talent, Financial Strategy / Insurance and Asset Management