Privacy and data governance are critical issues for companies and their boards as they navigate challenges around data use. On one hand, companies enjoy a wealth of opportunities to capitalize on the data they obtain from customers, employees, and…
Board risk oversight, Corporate and board regulatory matters, Cybersecurity
The frequency of audit tenders has increased in recent years, primarily in response to the European Union’s (EU) Audit Regulation and Directive (ARD), which requires many companies to put audits out for tender once the incumbent auditor has served…
Accounting and financial reporting, Board and committee effectiveness, Working with the internal and external auditor
Members of the Southeast Audit Committee Network (SEACN) met in Atlanta on October 7, 2019. The meeting began with a visit to EY’s Atlanta wavespace™ for demonstrations of fraud detection and proactive compliance management technologies. In a…
Boards and General Management, Board risk oversight
The research presented here started in 2016, when High Meadows Institute and Tapestry Networks personnel noted an apparent divergence between the CEOs and independent directors of some leading public companies. The CEOs were speaking about the…
Board and committee effectiveness, Boards and General Management, Investor perspectives on public companies
The workforce is changing, as is the nature of work. Hiring, training, and retaining the right people, as well as developing a strong corporate culture, are central to success. Additionally, companies must weigh and respond to investor perspectives…
Executive Compensation
Artificial intelligence (AI) is rapidly becoming an important technology in the insurance industry, as firms and their regulators investigate its potential and come to grip with its risks. While most boards are discussing AI, many are still in the…
Financial cybersecurity, Innovation and technology, Financial Strategy / Insurance and Asset Management
Complex information technology (IT) projects, such as upgrading legacy systems, migrating infrastructure and data to the cloud, or integrating major systems in the wake of a merger, present major challenges for all companies. Such projects might be…
Board risk oversight
Cybercrime is estimated to cost the world trillions of dollars annually,1 and even companies with the best preventative measures in place are vulnerable to cybersecurity breaches. “This is a fundamental, existential risk to enterprises. The entire…
Board and committee effectiveness, Board risk oversight, Cybersecurity
Insurance industry participants are exploring new methods of risk transfer. These methods have grown and developed in significant ways during the last two decades; they have the potential to provide financing for new classes of perils and to expand…
Governance, Innovation and technology, Risk management and oversight / Insurance and Asset Management
“There have been many attempts by banks to rebuild systems, but
I think we’re in a different place now. New possibilities are on the
table.”
— Participant
Customers’ increasingly demanding preferences and the evolving competitive landscape are…
Governance, Innovation and technology, Regulation and supervision / Banking