Marcel Leistenschneider, CAIA’s Post

Shocking headlines dominate the news. The tragic shipping accident in Baltimore last week that destroyed the Francis Scott Key Bridge, today’s news of a major earthquake in Taiwan and the daily updates of the latest devastation from geopolitical conflicts and violence - the drumbeat of bad news doesn’t stop. Many companies are impacted by disruption, but those with effective strategies for managing risk and resilience fare better and emerge stronger. Uncertainty and upheaval are our new reality. It is hard to think about what might go wrong, but Boards must fully consider disruptive events and the environmental shifts that result. The KPMG Board Leadership Center’s recent publication explores the critical areas of Board oversight in these volatile times. #KPMGBRITE

Several trends are shaping the future of management consulting: #digitaltransformation !! #ecosystem #partnerships !! #agile and #remotework !! #sustainability and #esg !! #dataprivacy and #security !! #customerexperience !! #innovation and #disruption !! Overall, the future of management consulting is likely to be characterized by a greater focus on digital transformation, industry specialization, ecosystem partnerships, and addressing pressing challenges such as sustainability and data privacy.

"KPMG has in its latest report outlined the three biggest risks for businesses right now, which may impact operations in 2024 and near future. Fighting an uphill battle to achieve long-term sustainability, international organizations are witnessing a slow-down in growth. Through its latest report, "Top risks forecast: Bottom lines for business in 2024 and beyond," KPMG aims to issue a caution on the multifaceted, complex challenges that organizations operating across boundaries and looking to grow globally must overcome in a time of increasing divergence on regulation, conflict, technological advancement, and political uncertainty." 🔔 https://lnkd.in/d_PtJRsS

Explore the latest corporate governance trends that are shaping the 2024. Stay informed and adapt to the evolving landscape. Check out the article by Forbes for more insights: https://okt.to/n2Hrxe #Trends #Governance #ESG

Highly recommended..... great insight from one of our leading partners, PwC! Get a glimpse into the current state and future trajectory of business reporting and technology. Join Workiva and PwC for a one-hour webinar March 14, when we’ll discuss results of a new survey highlighting the role of emerging technologies, the importance of third-party assurance, evolving environmental, social, and governance (ESG) regulations, and labor challenges. Workiva commissioned the survey of over 800 corporate executives and 100 institutional investors across Canada, the United States of America, and Mexico to help gain insight into how executives and investors align when it comes to issues influencing business reporting, as well as investor confidence in financial and ESG disclosures. By offering informative insights on emerging trends in business reporting, this webinar is designed to help equip leaders with data so they can make better-informed decisions, develop strategic plans, and foster greater trust and transparency in data.

For the ninth consecutive year RRA has identified key governance trends that will affect boards in 2024. Our research reveals the biggest corporate governance trends that boards will be focused on in 2024, both globally and across 13 major regions. https://bit.ly/3uQgraB #CorporateGovernance #Sustainability #NextGenerationBoards #BoardofDirectors #ChiefExecutiveOfficer #BoardEffecteiveness #BoardandCEOAdvisory

What lies ahead for Corporate Governance and ESG in 2024? Find out below!

As #boards juggle multiple aspects of ongoing disruption, how can they protect their organization and secure long-term #resilience? Among the various considerations Deloitte Global Chair @Anna Marks shares, a prioritized agenda that balances foundational matters and disruptive complexities, while challenging to execute, can serve as an anchor. https://deloi.tt/3uy7Xou #governance #WEF24

For the ninth consecutive year RRA has identified key governance trends that will affect boards in 2024. Our research reveals the biggest corporate governance trends that boards will be focused on in 2024, both globally and across 13 major regions. https://bit.ly/3IhQ0hf #CorporateGovernance #Sustainability #NextGenerationBoards #BoardofDirectors #ChiefExecutiveOfficer #BoardEffecteiveness #BoardandCEOAdvisory

Shaping a Sustainable Tomorrow: Exploring the ESG Landscape: Post 5: Guiding the Ship: The Governance Pillar of ESG As our journey through the ESG landscape continues, we arrive at the "G" in ESG, which stands for Governance. This pillar focuses on how companies are managed, their leadership structures, and the systems in place to ensure accountability and transparency. Let's delve into the critical aspects of governance within ESG: 1. Board Composition: Companies are working to ensure that their boards are diverse, independent, and possess the necessary expertise. A well-rounded board helps in making sound decisions that benefit all stakeholders. 2. Executive Compensation: Linking executive compensation to performance metrics aligned with ESG goals is becoming more common. This encourages responsible decision-making and long-term value creation. 3. Shareholder Rights: Protecting shareholder rights is fundamental. Companies are enhancing transparency around voting and shareholder engagement, ensuring that shareholders have a voice in key decisions. 4. Anti-Corruption Measures: Combatting corruption is essential. Robust anti-corruption policies and practices are implemented to prevent bribery, fraud, and unethical conduct. 5. Data Privacy and Security: Safeguarding data is crucial in today's digital world. Companies are adopting stringent data privacy and security measures to protect sensitive information and maintain customer trust. 6. Risk Management: Identifying and managing risks, including ESG-related risks, is integral to governance. Companies are incorporating risk assessments into their decision-making processes. 7. Compliance and Ethics: Upholding high ethical standards is non-negotiable. Companies are enforcing codes of conduct and ethics, promoting ethical behavior at all levels of the organization. 8. Transparency and Reporting: Transparency is key to building trust. Companies are providing comprehensive ESG disclosures, allowing stakeholders to assess their performance and commitment to responsible business practices. 9. Regulatory Compliance: Adhering to all applicable laws and regulations is a fundamental governance principle. Companies are continuously monitoring and ensuring compliance. 10. Sustainability Governance: Companies are establishing dedicated sustainability committees or integrating sustainability considerations into existing governance structures to oversee ESG initiatives. Effective governance is the backbone of responsible business practices. It ensures that companies are held accountable for their actions, make decisions that align with their values and ESG goals, and contribute positively to society and the environment. Image Courtesy: redgreystock #ESG #Inferrix #ResponsibleBusiness #Sustainability