Companies enjoy a wealth of opportunities to capitalize on the data they obtain from customers, employees, and business partners. They are using data analysis techniques to improve risk management, operating efficiency, customer relations, and…
Board risk oversight, Corporate and board regulatory matters, Cybersecurity
For multinational companies with thousands of employees and operations on several continents, compliance burdens are significant. And in highly regulated industries, the challenge is even greater. An effective compliance program means not just…
Boards and General Management, Board risk oversight, Corporate and board regulatory matters
Culture informs and drives individual and collective behavior within an organization. Agility, resilience, and ingenuity are all examples of potentially desirable cultural elements. Excessive risk-taking or a willingness to disregard process are…
Boards and General Management
Enterprise risk management (ERM) has seen a renaissance in the last 10 years, driven first by the financial crisis and then by mounting concerns over issues such as cybersecurity, privacy, and fraud. In response to demands from investors, regulators…
Board risk oversight
Audit chairs strive to adopt effective practices for running their committees and are interested in discovering new tools for evaluating board members. At the same time, the geopolitical environment is creating a number of new risks for audit…
Board and committee effectiveness
Competitive pressures are driving insurers to seek the greatest possible advantage from the large amounts of data at their disposal. At the same time, security and privacy concerns are limiting their ability to do so. Regulation and customer…
Innovation and technology, Regulation and supervision, Risk management and oversight / Insurance and Asset Management
The Securities and Exchange Commission (SEC) plays a critical role in the regulation of US public companies, helping to shape the way that firms and their leaders communicate with their investors and the broader public. On November 29, 2018, Lead…
Corporate and board regulatory matters, Investor perspectives on public companies
“Things are changing faster than we can keep up.”
—Summit participant
Talk of disruption in financial services has been common for many years. Bill Gates famously proclaimed in 1994 that “banks are dinosaurs … we can bypass them.” In the years…
Innovation and technology, Financial Strategy / Banking, Innovation and technology, Financial Strategy / Insurance and Asset Management
Recent accounting controversies in the United Kingdom (UK) have brought the audit profession into the limelight, prompting calls for greater scrutiny and actions that could change the way the profession works. If past debates on audit and financial…
Accounting and financial reporting, Corporate and board regulatory matters
Compensation committees are not impervious to the pressure on corporate boards to address new topics or novel approaches to longstanding issues. The increasing urgency to achieve gender equity—including but not limited to pay equity—has changed the…
Executive Compensation