Some caricatures on a chess board

Author Archive | Garry Honey

Collective responsibility: boards and governance

Hot on the heels of the Carillion collapse comes the Oxfam crisis, both examples of poor governance but seemingly with little else in common. Carillion was a failure of a corporate finance and Oxfam a failure of NGO morality, each in different worlds  run by management boards with widely differing skills & experience.  The common […]

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Five key lessons for boards from the Carillion collapse.

The sudden collapse of a business like Carillion has raised questions about financial reporting controls, auditor vigilance and exactly who should have acted sooner. The government is embarrassed by exposure to public infrastructure projects across several departments, while many smaller sub contractors will never be paid for work  they’ve done. The board of Carillion must […]

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Boards & Risk – improving risk literacy in the boardroom?

Executive boards have a responsibility for good governance and responsible stewardship, yet persist in treating risk as a control function, not a decision process. A board is required to take collective responsibility for the organisation’s risk appetite, yet in most board meetings risk is treated as the privileged domain of the Head of Risk, or […]

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