As we move forward in 2022, governance roles are expanding and becoming more essential as enterprise risks and expectations for reporting transparency increase amidst the COVID-19 pandemic's lingering impacts. As those charged with governance, audit committees are responsible to enhance audit quality, corporate governance practices, and financial reporting accuracy to improve the public's faith and confidence in its corporate leaders.
COVID-19 has not only changed the world and the way we work, but it has also changed the way people think, feel and engage. Employees are looking for more impact in their work and a place committed to shaping a better world. So what does the new workforce expect?
Malaysia and the world are preparing for a post-pandemic recovery even as the virus continues to mutate. To remain future-proof, members and the accountancy profession must evolve and continue to embrace best practices and technology to leverage on the opportunities emerging from major developing trends such as climate change, ESG and sustainability in line with the UN SDGs. As the regulator and developer of the profession, MIA is taking the lead in advocating for the adoption and integration of ESG and sustainability into the business agenda.
Following on from the landmark launch of the ASEAN Climate Governance Network, and in collaboration with the Sustainable Finance Institute Asia, we are pleased to announce “Conversations on Climate Governance”, a s
Many companies would have heard of the increased urgent emphasis on Sustainability or Environment, Social, Governance (“ESG”) in the last 2 years.
As larger companies become more selective in working only with business partners who take ESG practices seriously, their trading partners, including small medium enterprises (SMEs), can no longer afford to operate under ‘business as usual’. Organisations with strong ESG ratings will have greater opportunities to access financing, including Green Finance.
Addressing Hot-button Issues and Priorities
The Nomination and Remuneration Committee (NRC) is the fore engine to ensure that boards are thoughtfully composed with the right mix of skills and expertise and diverse thinking to oversee forward-looking strategies.
In 2021, extreme weather events that’s linked to climate change had brought grief to many around the world. One example is the recent flood incident in Malaysia that has brought misery to many victims and has led to the loss of lives, homes and jobs.
2021 threw companies and their boards curveball after curveball. They started the year on a hopeful note sparked by the COVID-19 vaccine rollout but ended it in the midst of new outbreaks caused by the Omicron variant.