Fraud and financial crime are becoming more rampant with ongoing economic pressures, unprecedented inflation and geopolitical tension. It is estimated that more than USD800 billion is laundered every year, causing a significant impact on the global economy and creating considerable challenges for financial institutions, corporates, government and the society.
Generative AI has captured the attention of people worldwide, evoking a variety of reactions, from apocalyptic predictions that computers will exterminate humans to optimistic fantasies that machines will be endowed with magical abilities. But a more solemn discussion is going on in corporate boardrooms. It includes both warnings about its drawbacks and considerations for potential benefits in order to gain a realistic grasp of how boards might assess this potent but prone-to-error new instrument.
Employees and employers’ expectations have changed dramatically pre- and post-pandemic, marking the transition into a new era that has begun. With emerging technologies, shifting demographics, and evolving work arrangements continuing to shape the future of work, companies are finding themselves having to adapt to or anticipate the changing talent landscape in order to remain competitive and future focused. More than just a combination of Work 1.0, where we operated mostly on-site pre-pandemic, and Work 2.0, where work happened remotely.
The primary themes arising from Aon’s 2022 Asia Pacific Corporate Governance and ESG Survey conducted in late 2022 are that ESG has become more important for boards of all sizes and there is a clear and growing recognition that there is too much risk associated with not acting swiftly to address ESG issues. However, 41% of the companies surveyed lack a formal process or training programme to educate their board members about contemporary ESG topics.
Company Secretary Dialogue & Networking #1/2023:
CoSec’s Role in Board Leadership Evolution
As corporations drive deeper into adopting Environment, Social, Governance and Technology, the role expected of the Company Secretary has also evolved from an administrative to a strategic and advisory one. Therefore, the leadership competencies for the company secretary of the future need to be continuously advocated.
In January 2019, the World Economic Forum issued a whitepaper "How to Set Up Effective Climate Governance on Corporate Boards: Guiding Principles and Questions". to provide such guidance. Dissemination of this material to high level executives is crucial to ensuring swift adoption of climate change preventative actions by corporations.
What should independent directors and audit committee members do when a serious allegation is reported? Overseeing a corporate investigation can be complex and time-consuming, with personal risks if missteps occur. Board members must make the right choices when discharging their legal and fiduciary duties, obtain the optimal outcome and strengthen trust. Ethically and legally bound to address allegations, board members often wonder if they should engage forensic investigators and to what extent they should be aware or be involved in the investigation process.
Programme Outline
Thank you for your interest to participate in the programme, A Dialogue with Bursa Malaysia - FTSE4Good ESG Rating for all PLCs. Unfortunately, registration for the event has reached its maximum capacity. Kindly scan the QR code below or click here to register your interest to participate in a programme re-run tentatively in the second half of 2023.
No one can predict what will happen in the future but as a member of the Board, you would likely, if not now, then in the future, face situations that are out of your normal daily situations namely a crisis. Now more than ever, organisations face and are exposed to various and multiple risk factors internally and externally. How you manage a crisis can have a lasting impact on the image and reputation of your organisation and as its leader. In times of crisis, communication becomes most critical.