Corporate leaders have always had to contend with disparate factors when making decisions about the future of their businesses. Recently, the debate has been about whether the primacy of shareholders or the integrated interests of all stakeholders…
Executive Compensation
Following a decade of massive post-crisis investment in regulatory compliance and risk management, banks are now identifying innovative improvements to the efficiency and effectiveness of their compliance efforts. An EY adviser said, “It’s an…
Innovation and technology, Regulation and supervision, Risk management and oversight / Banking
Digital transformation efforts in banking are increasingly about rethinking longstanding approaches and expanding into new business offerings and models for delivering existing and new financial services. New models, such as platform banking and…
Innovation and technology, Financial Strategy / Banking
The emergence and growth of a range of financial technology companies in businesses historically dominated by large incumbents has changed the financial services ecosystem. Although incumbents initially viewed fintechs as a competitive threat,…
Innovation and technology, Regulation and supervision, Financial Strategy / Banking
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