Tag: Accountability

In the world of corporate governance, establishing a new Risk Management program or modifying an existing one can be a formidable challenge for executives.

Legislation concerning the Financial Accountability Regime (FAR) has received the nod of approval from both Houses of the Australian Parliament. This milestone move in 2023 lays the groundwork for a stringent accountability structure, targeting directors and top-tier executives of financial institutions across banking, insurance, and superannuation sectors.

The importance of an effective implementation of the European Sustainability Reporting Standards (ESRS) cannot be overstated for organisations. This is key in demonstrating their commitment to sustainable practices and answering the rising calls for transparency and accountability. To ease and streamline the reporting process, businesses can utilise specialist software providing comprehensive solutions customised to their distinct requirements.

In a recent post by Diligent, the company outlined eight key ways that companies can harness the power of corporate governance. 

Financial institutions initially underestimated SM&CR but are beginning to realise its profound impact and the level of change it requires, according to Carl Redfern, co-founder and compliance director at Redland.