HKICS 10 th Biennial Corporate Governance Conference 2016 Corporate - - PowerPoint PPT Presentation

HKICS

10th Biennial Corporate Governance Conference 2016 Corporate Governance Inside and Out

• Mr. Nicholas Allen

GUARD DOGS, POLICE DOGS OR LAP DOGS?

• Financial Reporting
• Corporate Governance
• Business Operations
• Specific Industry Expertise/

Strategic vision

AN ABILITY TO CONSTRUCTIVELY CHALLENGE

• Board papers/Presentations
• One-on-One with Management
• Asset Visits
• Industry Specific Events/Learning

Opportunities

What Are Those Different Sources

• Standard

– the voluminous packs

• f

presentations, reports which are circulated to board and committee members before meetings.

• A very important source of information but a

health warning

• CFO and CEO will vet all documents going to the

board

• CFO and CEO spend considerable amounts of

time “managing their boards”

Board Papers

• One-on-one interaction will other members of the management

team – particularly leaders of business divisions.

• In some organisations this is encouraged (and my message to the

Chartered Secretaries here is to be brave enough to facilitate it)

• CEO/CFO should be brave, open and confident enough to have

their team so interact. It is the triangulation of information

• utside of the formal setting of board and committee meetings

that is so important.

One-on-One Interaction

• Visit assets and businesses and

speak to the people there, below management level.

• Attend industry and related conferences
• Particularly when you are not an

industry expert.

Summary

• Different “dog” for different skills sets
• Use all four sources of information
• a. Board Papers
• b. One-on-One Interaction
• c. Visit Assets and Businesses
• d. Attend Industry and Related

Conferences

• Company Secretaries – Please facilitate