Directors alert 2013 — Lead or be led: Time to take advantage of the new business reality

Published on: 29 Jan, 2013

This publication from the Deloitte Global Center for Corporate Governance focuses on the important role that boards of directors have to play in helping their organisations determine how to respond to the new operating environment in place since the global financial crisis.

More than four years have passed since the 2008 financial crisis and its reverberations still continue to shake the global economy.

In November 2012, the Organization for Economic Cooperation and Development (OECD) reduced substantially its economic global growth forecast for 2013. The OECD considers the greatest threat to the world economy to be the recession in the Euro-zone and in the United States.

The risks created by continuing difficult and, if the predictions are correct, worsening economic conditions are, by now, familiar ones for boards of directors. Yet, perhaps because many organisations have, in recent years, implemented robust, integrated enterprise risk management systems and are also developing more risk-aligned strategies and initiatives, many boards expect they will need to spend less time on risk management on its own in 2013.

If this expectation proves true, these boards will have more time to focus on other top priorities facing them and their organisations. The boards that lead rather than being led, will be the ones that have successfully adapted strategies to turn challenges into opportunities and leverage compliance requirements to make innovative developments.

In this context, this publication focuses on the following topics:

  • Capital management
  • Regulation, governance, compliance
  • Risk management
  • Crisis management
  • Strategy
  • Sustainability
  • Performance
  • Management succession
  • Talent management
  • Technology
  • A closed door or an open one?


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