Some caricatures on a chess board

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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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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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