The Boardroom Blog

Corporate Governance Review 2011: Four areas for FTSE 350 to refocus on

Tuesday, November 22, 2011 | Posted by: Simon Lowe
Categories: Governance, Thought Leadership | Tags: governance, risk, Corporate Governance, Simon Lowe, FTSE 350, Corporate Governance Review, annual report, risk management, diversity, chairman, principal risks, comply or explain, annual reports, FTSE 100, FTSE 250

Our 10th annual Corporate Governance Review highlights the current trends and challenges that face the FTSE 350. While the UK’s top performing companies have made considerable achievements over the last decade, the review shows where the new focus areas lie.

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Social media risk management for board directors

Tuesday, November 01, 2011 | Posted by: Paul Mewett
Categories: Risk | Tags: Board, report, risk, advice, risk management, guide, Twitter, social media, crisis, Facebook, Strategy, reputation, PR, Alan Joyce, Qantas, monitoring, Internet Intelligence

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Social media – what’s the worst that can happen? Quite a lot, as Qantas found out, when a social media crisis hit both its share price and its world-famous reputation for safety. Grant Thornton’s Internet Intelligence team reviews the story and suggests ways in which companies can implement a social media risk management strategy.

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Bribery Act: seven weeks left to act

Tuesday, May 10, 2011 | Posted by: Fiona Cullinan
Categories: Corruption, Thought Leadership | Tags: risk, due diligence, Bribery Act, legislation, bribery, anti-corruption, corruption, anti-corruption legislation, assessment

The UK Bribery Act comes into force on 1 July 2011 and in our experience companies underestimate the time required to implement an anti-corruption strategy. So for those who have yet to act, and have less than two months to do so, what do you need to know?

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Six ways to improve your principal risk reporting

Wednesday, February 09, 2011 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Risk | Tags: governance, risk, FRC, compliance, financial, annual report, disclosure, FRRP, principal risks, business review, reporting, directors' report

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Many companies are not being clear enough when reporting the principal risks and uncertainties facing their business, said a concerned Financial Reporting Review Panel last week. What steps can businesses take to improve compliance?

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UK finance directors report on their key priorities

Wednesday, January 05, 2011 | Posted by: Fiona Cullinan
Categories: Thought Leadership | Tags: statistics, investment, report, survey, risk, data, advice, CFO, FD, talent, Directorbank, finance director, analysis, skills

If you could ask a fellow finance director for their advice in the current economy, what do you think they would say? A number of outstanding finance directors shared their views in Grant Thornton’s FD survey, researched in conjunction with Directorbank.

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Risk, age and the adrenaline rush of taking over a company – exclusive with Luke Johnson

Thursday, December 16, 2010 | Posted by: Fiona Cullinan
Categories: Risk | Tags: business, entrepreneur, risk, CEO, interview, Luke Johnson, food

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We’ve posted a lot about risk management recently with our report A new risk equation? Safeguarding the business model. But, of course, it’s important to remember that risk is also a vital part of what makes a business grow. No one knows this more than Luke Johnson, the man who turned Pizza Express into a household name. Here he talks about measured risk – and why we should embrace it more as we get older.

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Comparing corporate governance in India and the UK

Wednesday, November 17, 2010 | Posted by: Fiona Cullinan
Categories: Governance, Thought Leadership | Tags: India, business, governance, investment, risk, M&A, FRC, bribery, Stewardship Code, anti-corruption, banking crisis, scandals

Corporate scandals involving companies like the Maxwell Group, Enron, WorldCom and Satyam, and the recent banking crisis, have influenced the corporate governance norms in the US, the UK and India. Our recent India Watch article examines the key differences between the corporate governance regimes in both the UK and India.

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Changing face of risk management in the UK / Ireland

Wednesday, November 17, 2010 | Posted by: Fiona Cullinan
Categories: Risk | Tags: business, governance, recession, report, survey, UK, strategy, risk, data, business models, risk management, Ireland, appetite, attitudes

Risk appetite statements are a growing trend in the UK, while 84% of surveyed companies in Ireland are changing how they view risk, according to our recent report. Here, two experts from Grant Thornton, review the changing approaches to risk in the UK and Ireland post-recession.

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How to assess your risk strategy – a checklist

Thursday, October 14, 2010 | Posted by: Fiona Cullinan
Categories: Risk, Thought Leadership | Tags: business, governance, recession, strategy, risk, tips, risk management, questionnaire, tools, questions

This set of expert questions, asked by Grant Thornton’s risk services team, is designed to trigger a full and in-depth boardroom discussion on the quality of your risk management processes.

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Tool: Assess your company’s risk maturity level

Thursday, September 23, 2010 | Posted by: Fiona Cullinan
Categories: Risk | Tags: business, governance, recession, report, survey, risk, data, business models, Simon Lowe, risk management, questionnaire, tools, Business Risk Services, Strategy

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Our recent business risk report shows widespread complacency in company risk management processes. Check the risk maturity of your organisation with our quick online assessment tool.

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Risk management: learning from recession mistakes

Wednesday, September 22, 2010 | Posted by: Fiona Cullinan
Categories: Risk | Tags: business, governance, recession, report, survey, strategy, risk, data, business models, Simon Lowe, risk management, questionnaire, tools, Business Risk Services

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Why did so many risk processes fail to protect companies from the worst of the global downturn? And how can senior managers approach risk management afresh to help protect their business in future? Our latest research report has the answers. Plus, check out our tool to assess your own company’s risk maturity.

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Growing clash between front-end spin and back-end data in annual reports, says FRRP

Thursday, August 26, 2010 | Posted by: Fiona Cullinan
Categories: FRC, Governance, Risk | Tags: governance, risk, FRC, Simon Lowe, financial reporting, audit, FRRP, accounts, internal, external

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Inconsistencies in annual reports between the corporate narrative and the external audit figures are becoming more of a focus for the Financial Reporting Review Panel (FRRP). The problem was highlighted in its annual report, out last week: of the 308 companies reviewed, 146 had been approached by the FRRP for further information or explanation.

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Part 2 - Peter Butler, Governance for Owners on the Stewardship Code and the role of the Chairman.

Wednesday, May 26, 2010 | Posted by: Grant Thornton
Categories: Governance, Non-executive director, Stewardship Code | Tags: risk, FT, FTSE 350, non-executive director, Stewardship Code, Peter Butler, corporate governance review

Part 2 of our interview with Peter Butler, Chief Executive and Founding Partner, Governance for Owners at the recent Financial Times Non Executive Directors’ Club on The FTSE 350 Corporate Governance Review Highlights.

Peter gave us his thoughts on the impact of the proposed Stewardship Code and the role of the Chairman.

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Part 1 - Peter Butler, Governance for Owners on the Stewardship Code and the role of the Chairman.

Wednesday, May 26, 2010 | Posted by: Grant Thornton
Categories: Governance, Non-executive director, Stewardship Code | Tags: risk, FT, FTSE 350, non-executive director, Stewardship Code, Peter Butler, corporate governance review

Part 1 of our interview with Peter Butler, Chief Executive and Founding Partner, Governance for Owners at the recent Financial Times Non Executive Directors’ Club on The FTSE 350 Corporate Governance Review Highlights.

Peter gave us his thoughts on the impact of the proposed Stewardship Code and the role of the Chairman.

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Non-executives in the spotlight again

Wednesday, December 16, 2009 | Posted by: Simon Lowe
Categories: Governance, Non-executive director | Tags: risk, FRC, Simon Lowe, FTSE 350, Non-executive director, Walker review, Governance, Corporate Governance review

The recent release of the Walker Review and the proposed reforms to the Combined Code set out by the FRC see further challenges set for NEDs and increased engagement by institutional investors.

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Non-Exec experience rises on FTSE 350 Boards

Thursday, November 26, 2009 | Posted by: Grant Thornton
Categories: Governance, Non-executive director | Tags: governance, risk, FT, FRC, Simon Lowe, FTSE 350, non-executive director, listed, NEDs, Business Risk Services

FTSE 350 non-executive directors (NEDs) now have greater levels of direct sector experience and are more numerous than in 2003, a new study undertaken by business and financial advisers Grant Thornton for the Financial Reporting Council (FRC) has revealed.

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