Catégorie : Gestion de risques

L’importance des médias sociaux pour les Boards


Excellent article qui fait le tour de la question et qui s’adresse à des membres de conseils d’administration. À lire (partagé par Richard Leblanc).

When Social Media Matters: a Guide to the Board of Directors for better…

Vaste enquête sur l’opinion des membres de CA de sociétés cotées en bourse


Voici les résultats d’une vaste enquête menée par PwC sur la situation de la gouvernance aux États-Unis.

Center for Board Governance pwc.com

This survey by PwC collects the opinions of more than 1,000 directors serving on the boards of the top 2,000 publicly traded companies (by revenue) listed with the NYSE Euronext, the NYSE Amex, and the NASDAQ OMX Group stock exchanges. The survey covers such relevant issues as risk management, compensation, director evaluations, director experience mix and board diversity, to name just a few.

In April 2010, 10,000 US corporate board members received the 2010 Annual Corporate Directors
Survey (formerly know as What Directors Think) research study questionnaire. Surveys were
returned by 1,110 corporate board members for an 11.1% response rate. 819 separate boards are
represented among these 1,110 directors.

Highlights of the survey findings:

  • Directors believe the three most important factors that should be considered by compensation committees to improve CEO pay policies are: (1) ensure peer group companies are realistic, (2) re-evaluate compensation benchmarks, and (3) set minimum stock ownership guidelines and holding periods. It is interesting to note, none of these factors was considered as part of the Dodd-Frank Act.
  • Of the new proxy disclosures required in 2010, directors believe the disclosures on (1) board oversight of risk, and (2) qualifications and experiences of directors provide the most value to investors.
  • Over ninety-seven percent of responding directors believe the audit committee is effective or very effective in its ability to monitor accurate financial reporting.
  • The most important « red flag » for directors to step up their board involvement is an earnings restatement. Ninety-five percent of directors listed this as important or very important.
 

Guide de gestion des risques par le COSO


Pour les membres de CA qui sont intéressés par les nouvelles règles édictées par le COSO.

Risk Management Guidance from COSO candorsolutions.co.za

Management governs risk by means of risk management frameworks, such as COSO. What guidance have COSO provided?

Courage in the Boardroom


Très bon article de Stasia Kelly dans le Directorship Magazine qui montre que les membres des CA ont avantage à faire preuve de plus de courage s’Il veulent protéger les intérêts des actionnaires et des autres parties prenantes.

Directorship Magazine – Boardroom…

… The most dangerous result of fear in the boardroom is that a director’s decision could breach his fiduciary duty to do what is in the best interests of the shareholders in order to protect himself from liability, criticism or reputational damage. It is critical that this danger not only be understood but discussed by directors and senior executives.

Le développement durable et le Board


Cet article du Director of Finance Online décrit très bien l’urgence de se doter d’un Board sensible aux questions de développement durable.

Global finance sector recognises that sustainability increasingly drives profit and cash flows.

Liste de thèmes importants en gouvernance


Voici un document du Conference Board qui présente les points saillants des publications en gouvernance. Celui-ci devrait intéresser les membres de conseils d’administration.

Director Notes Archives conference-board.org

Director Notes is a series of short, to-the-point action reports providing immediate guidance on specific pressure points facing boards. Coordinated by Series Director Matteo Tonello, who is director of corporate governance…

Investissements socialement responsables


Investing the socially responsible way

Michael Jantzi is one of the pioneers of socially responsible investing, the concept that taking into account environmental, social and governance issues can give investors an advantage, and not just soothe their consciences.

http://www.theglobeandmail.com/report-on-business/managing/at-the-top/investing-the-socially-responsible-way/article2107956/

Boards dysfonctionnels et actionnaires floués


Vous trouverez, ci-dessous, les coordonnées d’un site portant sur les comportements dysfonctionnels et les effets destructeurs de plusieurs Boards. À lire (commentaires et livre de John Gillespie and David Zweig)

Money for Nothing moneyfornothingthebook.com

How the failure of corporate Boards is ruining American Business and costing us trillions. John Gillespie and David Zweig take readers deep inside the elite world of these corporate leaders to reveal its inner workings and show…

Gestion des risques et CA


Dix (10) questions que les CA devraient se poser en ce qui concerne la gestion des risques : Une compilation de Norman Marks

Norman is a practitioner and thought leader in internal audit, risk management, compliance and ethics, and has led large and small internal audit departments, been a Chief Risk Officer and Chief Compliance Officer, and managed IT Security and governance functions.

 

A good reference for boards is the 20 Questions series from the Canadian Institute of Chartered Accountants. The series includes one on risk management. I have my own set of 10 questions (OK, they have follow-on questions). These were developed for boards, but they would probably be a good basis for questions auditors could ask as well.

  1. How has the executive team become familiar with leading risk management practices? When you manage risk, and uncertainty in general, are you using a recognized risk standard or framework?
  2. Risk management is about managing uncertainties that may impact our ability to achieve our goals. In broad strokes, can you describe how you identify, assess, and determine how to manage those uncertainties?
  3. How do you integrate the consideration and management of risk in the setting of strategy, achievement of goals and objectives, optimization of performance and management of major projects?
  4. How have you assigned the management of risk within the companies? Is it clearly part of each manager’s responsibilities, or is it seen as the responsibility of the risk officer, CFO, or other person? If the latter, why? If the former, how are they informed, educated in risk management techniques, and provided the tools for the task?
  5. How are risk criteria, including risk appetite and tolerance, set? How are those levels and expectations for taking risk communicated across the organization? How do you know when the levels are exceeded?
  6. If each manager is responsible for managing risks within their sphere of operations, within their set of responsibilities, how do you make sure you as an executive team have a clear view of risk across the organization? How do you manage the accumulation and interplay of risks when a single situation can affect multiple areas, or when the activities of one manager affect others?
  7. Are you managing risk fast enough, so you can act when necessary? Is the organization agile? Are you able to change strategic directions if risk levels change?
  8. What is your process for involving the board? Under what circumstances will you notify us? What information will you share and when?
  9. If you have a risk office, what is their role relative to the responsibilities of management? Where do they report, do they have access to executives and the board, and are they adequately resourced?
  10. How do you make sure the risk management process is working as you expect? Are you using internal audit to obtain that assurance?

Membres de CA et médias sociaux


Bon article de BoardMember.com sur l’mportance des réseaux sociaux pour les membres de CA. Six questions que le Board doit se poser. (partagé par Richard Leblanc)

Six Questions Board Members Should Ask About Social Media Usage – Boardmember.com

Corporate Board Member’s Boardmember.com is the public company director’s source for corporate governance education. Boardmember.com offers webcasts, articles, and interviews with corporate governance experts, as well as…

Questions que le Board de News Corp doit se poser maintenant !


Bon article de HBR Blog Network sur les questions qu’un conseil d’administration doit se poser en situation de crise – le cas de News Corp (article partagé par Richard Leblanc).

 

News Corp and Questions Boards Need to Ask blogs.hbr.org

Business bloggers at Harvard Business Review discuss a variety of business topics including managing people, innovation, leadership, and more.