Mar 01, 2024
Cybersecurity and enterprise risk management are among the top priorities for audit committees in 2024, according to the survey results in the third annual edition of this joint report by Deloitte’s Center for Board Effectiveness and the Center for Audit Quality. The report offers a glimpse into oversight responsibility and discussion frequency for these and other common topics. It also discusses leading practices in areas such as enhancing presentations and engagement during meetings and improving pre-read materials.
Jan 31, 2024
The report explores the evolving role of organizations in society, facing numerous pressures like new technologies, climate action, and changing expectations. It focuses on how boards are addressing talent and workforce challenges, highlighting a perceived need for them to be more proactive in this area. While balancing these discussions with other board priorities could be challenging, it's crucial for building a strong and adaptable workforce for the future.
Jan 31, 2024
The article delves into the potential challenges and opportunities boards might encounter in 2024. It paints a picture of a dynamic year characterized by geopolitical tensions, economic uncertainties, and rapid advancements in technology, particularly generative artificial intelligence (GenAI) and data transformation. Boards are urged to navigate this "interesting" landscape with agility and robust enterprise risk management (ERM) programs.
Jan 23, 2024
This Deloitte publication provides insights about the 2024 Global Internal Audit Standards, recently released by The Institute of Internal Auditors, and discusses considerations as internal audit functions start the journey of adopting the new Standards.
Jan 08, 2024
Recent developments in artificial intelligence (AI), including the emergence of Generative AI, are leading businesses to evaluate AI’s potential impact to their business technology strategy. As businesses expand their use of AI, especially into core business processes, the audit committee will need to understand the challenges and opportunities presented by AI to address risks related to governance and stakeholder trust.
Dec 04, 2023
The Deloitte Global Boardroom Program's annual Tech Trends report highlights an emerging technology trend that is gaining traction and requires increased awareness from directors to ensure their companies' success in the coming years. This trend, described as "revolutionizing business" and requiring an embrace of technological evolution, presents both opportunities and challenges for leaders. The report aims to empower board members and executives to leverage technology strategically and effectively.
Jul 17, 2023
In conjunction with Deloitte’s Chief Executive Program, this edition of On the board’s agenda reviews recent developments in how boards set executive compensation, outlines challenges related to market volatility, and illustrates how variations across countries may impact compensation strategy.
Jun 22, 2023
The Missing Pieces report is a multiyear study organized by the Alliance for Board Diversity in collaboration with Deloitte for the 2016, 2018, 2020, and 2022 censuses. The 7th edition of the report highlights the progress to date that has, or has not, been made in the equitable representation of women and individuals from underrepresented racial and ethnic groups on Fortune 500 boards.
May 15, 2023
The CEO is usually the most visible and prominent position within a company. The board’s role in CEO succession planning is a unique role and one of the highest-priority activities in which they engage. When things go well, an effective succession planning strategy can result in a CEO with transformative leadership potential who executes on the company’s long-term vision and adds value for shareholders and other stakeholders.
Apr 28, 2023
The audit committee’s remit with respect to ethics and compliance is broad and deep and may be difficult to address without focusing on the most important risks. This issue of Deloitte’s On the audit committee’s agenda examines the committee’s responsibilities in monitoring ethics and compliance activities and overseeing the effectiveness of related policies.”
Apr 12, 2023
The recovery from the pandemic has been uneven at best, and it brought its own challenges—chief among them inflation. Board-level strategy around such issues often requires weighing a proverbial constellation of economic data. While cost cutting is often the “standard playbook” response in this area, there is value in weighing all the options available to promote economic resiliency. Periods of volatility are also an opportunity for boards to reaffirm their stewardship commitments. Such actions can pay dividends in social capital – a return on investment that, while not measured in dollars, can be just as valuable.
Jan 16, 2023
Risk oversight is among the most important of the audit committee’s responsibilities. This edition of On the audit committee’s agenda discusses some areas that are most likely to be the subjects of audit committee risk oversight in 2023 including: financial reporting and disclosure; enterprise risk management; cybersecurity; and environmental and climate change.
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