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Blog posts from Annual Reporting Posts
Funding of retirement benefits Funding is the transfer of assets to an entity (the fund) separate from the employer’s entity to meet future obligations for the payment of retirement benefits. IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the … Read more
A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement. IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the world may require or … Read more
Not the end of the world governance lessons – the debate on climate change has become noisy, fragmented and often polarised. Scientists present alarming data, activists warn that the clock has run out, politicians stall or compromise, and businesses oscillate between ambitious promises and hesitant action. For boards and supervisory councils, this cacophony creates confusion … Read more
Φ – IoT governance washing machine – At first glance, the washing machine is a simple device: a drum, some water, detergent, and a programme. But in the era of the Internet of Things (IoT), it becomes much more. It collects data, communicates with suppliers, predicts maintenance needs, and can even reorder detergent automatically. What … Read more
Step 4 – Information & Communication: The Nervous System of COSO Executive Summary Step 4 – COSO Information and Communication If risk assessment is the radar and control activities are the brakes and steering wheel, information and communication are the nervous system of the organization. They transmit signals, coordinate action, and ensure the entire body … Read more
ANZ Bank misconduct fine 2025 – when the news broke in September 2025 that ANZ Bank had agreed to pay a record AUD 240 million fine for “widespread misconduct,” it did not just rattle the Australian financial sector. It reignited an uncomfortable global debate: why do large banks, armed with sophisticated compliance frameworks and audited … Read more
Corporate lessons from uncertain times – Sailing in the Fog Topics hide Corporate lessons from uncertain times – Sailing in the Fog The Landscape of Uncertainty Governance as Anchor and Sail Lessons from the UK Carillion: A House Built on Sand Tesco: Pressure over Principles The Post Office Horizon Scandal Success Story: Unilever Lessons from … Read more
A process for identifying and assessing a potential range of outcomes of future events under conditions of uncertainty. IFRS S1 IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the world may require or permit the use of (locally authorised and/or … Read more
Culture Ethics and ESG: The New Frontiers of Governance Topics hide Culture Ethics and ESG: The New Frontiers of Governance Culture: The Invisible Hand of Behaviour Ethics: The Compass Beyond Compliance ESG: From Side Issue to Strategic Core Case Studies: Culture, Ethics, ESG in Action Wells Fargo: When Incentives Turn Toxic Volkswagen: Performance at Any … Read more
Non-Executive vs Independent Directors: The Watchers on the Wall Topics hide Non-Executive vs Independent Directors: The Watchers on the Wall Origins: Why Boards Needed Outsiders Non-Executive Directors: The Generalist Overseers Independent Directors: A Higher Standard Case Studies: Independence on Trial Enron (U.S.) Carillion (UK) Toshiba (Japan) Wirecard (Germany) Board Culture: The Subtle Enemy of Independence … Read more