Culture is consistently seen as culprit amidst continuing risk governance failures among firms, as well as in troubling lapses on the part of the auditors and regulators relied upon to assure market integrity. Culture is thus considered to be a critical governance priority – for private and public entities equally – and particularly so in the financial sector.
Observations
Mar 13, 2023The UK Financial Reporting Council (FRC) recently published a "mythbuster" document on corporate governance and stewardship, which sought to dispel common misconceptions and provide greater clarity around these concepts.
Observations
Dec 13, 2022The China Banking and Insurance Regulatory Commission (CBIRC) recently revised its framework for evaluating corporate governance risks at banks and insurers. The revisions aim to strengthen supervision of these risks and, ultimately, prevent them from “fermenting and magnifying” into crises.
