On March 30 and March 31, Bank Governance Leadership Network (BGLN) participants joined two conference calls to discuss the global response to the COVID-19 pandemic and implications for large banks. The key themes that emerged are:
Operational…
Governance, Risk management and oversight, Financial Strategy / Banking
Investors and other stakeholders have become increasingly interested in understanding companies’ environmental and social impacts and their consequences for financial performance. This interest has led to an increased demand for environmental,…
Investor perspectives on public companies
The rise of shareholder activism has caught the attention of boards across Europe. Companies that once viewed themselves as protected from activism based on factors including size, shareholder base, or governance structure are no longer immune. In…
Board and committee effectiveness, Boards and General Management, Board risk oversight
Cyberattackers from abroad don’t care much about the difference between government and the private sector in the United States. They may have reasons for targeting one over the other in an individual instance, but their goal often is to exploit…
Boards and General Management, Board risk oversight
“When you’re in the middle of a cyber crisis, the facts never look like you thought they would. You can end up with inconsistent narratives.” – Director
On December 11, 2019, CRDN members met in New York to discuss how companies plan for major…
Boards and General Management, Board risk oversight, Cybersecurity
The increasing speed, miniaturization, and power of computing, as well as the connectivity of billions of devices, has led to deep change for even the most basic of industrial firms. “We are fast becoming a tech company,” said a director of one such…
Boards and General Management, Board risk oversight, Cybersecurity
“Security beyond the boundaries—it leads me to think of traditional models of security that come from the physical world: firewalls, perimeters, zero trust, the castle with a moat. But now we have the cloud, machine learning, the internet of things…
Boards and General Management, Board risk oversight, Cybersecurity
The Audit Regulation and Audit Directive (ARD), which came into effect in 2016, expanded the role and mandatory responsibilities of European audit committees.1 The ARD provided limitations on the types and amount of nonaudit services that audit…
Board and committee effectiveness, Corporate and board regulatory matters, Working with the internal and external auditor
High-performing audit committees provide confidence to market participants, who rely on financial reporting as they make investment decisions. In 2014, the European Union (EU) enacted a new Audit Regulation and a related Audit Directive—collectively…
Board and committee effectiveness, Boards and General Management, Corporate and board regulatory matters
Boards and audit committees periodically find it necessary to lead or oversee investigations of cyber breaches, alleged misconduct among executives, and other significant matters. Such investigations are often part of a broader crisis response,…
Boards and General Management, Corporate and board regulatory matters