Having an effective Audit Committee is essential for good corporate governance as it leads on financial reporting, internal controls, risk management and external audit functions.
Articles and features
The good, the bad and the ugly sides of boardroom conflict and tension.
It is a fact of life that disputes arise on boards, no matter the size of the organisation or whether the members of the board are paid non-executives or unpaid volunteers.
Frank Lewis, independent non-executive director and chairman, and Dr Sarah Blackburn, Managing Director, the Wayside Network explore what makes an effective chairman.
How effective do you think your board is? Judy Delaforce describes what a fully effective board is and how to achieve it.
The EU has surveyed the extent to which Member States have applied the Commission’s recommendations on the independence of non-executive directors and potential conflicts of interest. January 2008.
Changes outlined in the Companies Act 2006 brings about new rights and obligations. October 2008.
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Chapter 11 looks at the Chairman's role in governance and their role on the board and the chair's interaction with CEO, company secretary, senior independent director (SID) and shareholders.
A collection of stories about how inadequate governance and flawed culture caused a massive destruction of shareholder value.
An authoritative guide to company secretarial practice. Detailed commentary is accompanied by over 80 precedents. Chapter 9 of the handbook - Directors' meetings and resolutions - looks at procedures around appointment of committees, board meetings minutes and the role of the company secretary in relation.
An authoritative guide to company secretarial practice. Detailed commentary is accompanied by over 80 precedents. Appendix 3 - Good boardroom practice: a guide for directors and company secretaries
This title provides comprehensive, expert-led coverage of all aspects of corporate governance for public, nonprofit, and private boards. This chapter explores the key responsibilities, characteristics , experience and skills of a high-performance non-executive board chairman as well as communication with shareholders and addressing the concerns of activist shareholders.
An essential source of reference and route map for the position of Non-executive director. Contains case studies and checklists throughout. Chapter 5 gives an overview of the roles of the board, the chairman, the senior independent director (SID), the company secretary and board committees. The subjects of board composition, boardroom behaviour, conduct of board meetings and matters reserved for the board are looked at. Includes 'Checklist: for an effective board'
Looks at building leaders across a board, with the latest trends in board leadership and performance as well as talent management for the board and the C-suite.
Guide to preparing for and chairing meetings with a board of directors.
The article focuses on the effects of audit committee in day to day challenges faced by businesses. Topics include need of experienced, healthy skepticism, and strong communication skill based audit committee effectiveness; help of audit committees for adding new members to structured on-board process; and importance of executive and private sessions for effective functioning of the committee.
How to be an effective board chair: eight principles for chairs to follow, plus examples of leaders who apply them well.
The article discusses the five-step process of board leadership succession. Topics discussed include the importance of defining the role of a board chair, a sound and repeatable chair selection process that helps to identify viable candidates while engaging the chief executive officer (CEO), and recommendations for transition planning and board chair development.
The article offers information on orientating a new board chair. Topics include the ensuring that the board chair commands a knowledge of governance best practices such as responsibilities and roles, inspiring members of the board, and implementation of ethics and compliance standards.