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

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

HKICS 10 th Biennial Corporate Governance Conference 2016 Corporate Governance Inside and Out Mr. Nicholas Allen GUARD DOGS, POLICE DOGS OR LAP DOGS? AN ABILITY TO CONSTRUCTIVELY CHALLENGE Financial Reporting Corporate Governance


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SLIDE 1

HKICS

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

  • Mr. Nicholas Allen
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SLIDE 2

GUARD DOGS, POLICE DOGS OR LAP DOGS?

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SLIDE 3
  • Financial Reporting
  • Corporate Governance
  • Business Operations
  • Specific Industry Expertise/

Strategic vision

AN ABILITY TO CONSTRUCTIVELY CHALLENGE

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SLIDE 4
  • Board papers/Presentations
  • One-on-One with Management
  • Asset Visits
  • Industry Specific Events/Learning

Opportunities

What Are Those Different Sources

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SLIDE 5
  • 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

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SLIDE 6
  • 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

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SLIDE 7
  • Visit assets and businesses and

speak to the people there, below management level.

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SLIDE 8
  • Attend industry and related conferences
  • Particularly when you are not an

industry expert.

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SLIDE 9

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