Welcome to the Center for Corporate Governance
How can you develop your board? What rules will affect your work? What personal responsibilities do you have?
Our ambition is to give you an overall view of Swedish corporate governance, insights on global issues and topics that are on the agenda for the board. Here you will find reports, articles and web casts from Sweden but also from Australia, India, China, United Kingdom, Germany and USA. Should you want more in-depth information, find a topic is missing or want to discuss a particular issue, please contact Anders Hult, partner Deloitte, email@example.com.
Under Hot topics we will during the year discuss some areas that board directors around the world have themselves named as particularly interesting (according to Deloitte Directors' Alert 2013 - Lead or be led: Time to take advantage of the new business reality).
The European sovereign debt crisis and the slowing GDP growth in the key emerging markets have caused economists to warn that the global economy may return to a recession in 2012.
According to the ABL, the board is responsible for the organization and management of the company's affairs. One of the board's main tasks is to ensure that its organization is such that the accounting and management of assets and the company's financial situation is managed in an appropriate manner. This allows for a relatively broad interpretation of what the board's responsibility actually is. How can the board ensure that the company's assets and other financial conditions are managed in a suitable and secure manner?
Boards can add significant value by working with management on strategic operational issues, including those related to market, product, and location strategies. This often involves obtaining an external perspective of the practices of other companies, industries, and countries. Many boards' role in operational management includes supporting and instigating growth and efficiency initiatives as well as sponsoring innovation to be delivered through operational changes in the organization.
Sustainability and corporate responsibility
Matters concerning sustainability and corporate social responsibility are driven by many different factors. Among others, customer demand for "green" products, rating analysts and investors factoring sustainability in their evaluations of companies. Furthermore shareholders to a greater extent than before are holding companies accountable for sustainability and corporate responsibility performance.
Regular assessments of board performance coupled with director education programs to improve the effectiveness of the board, its committees, and individual directors is a best practice at any time. Today it is an imperative.
Regulation and compliance
Around the globe, governments and regulators are introducing new rules in response to issues ranging from financial stability to environmental protection to combating terrorism. While each new regulation may have merit, since few jurisdictions have removed existing rules to make way for new ones, the cumulative effect is proving onerous for business.
Directors' Alert: 12 issues for 2012
When Uncertainty Reigns
The years since the 2008 financial crisis have been called the worst global economic downturn since the Great Depression of the 1930s. The uncertain and often volatile business environment has created signifi cant challenges to which organizations have often had to respond quickly by adapting strategies and operations. This publication examines some of the top challenges likely to face companies, and their board of directors, in 2012.
Global Economic Outlook
Deloitte Research's Global Economic Outlook offers timely insights from Deloitte Research's team of economists about the trends and events that are shaping the marketplace.
Asia Pacific Economic Outlook
Asia Pacific is the fastest growing and arguably the most important economic region in the world with most businesses, large and small, having interests there. Changes in this region are fast-paced, and Deloitte's monthly Asia Pacific Economic Outlook provides readers with a forward looking economic point-of-view on developments in the region. The report tracks major macroeconomic events, particularly those impacting businesses, with the intent to analyze and provide an outlook.
Deloitte Review is a semiannual magazine showcasing a selection of articles - including original research and viewpoints - on topics of particular interest to executives and especially to our clients. We publish in the summer and winter. Between publication dates, we will present new articles on www.deloitte.com.
Strategically Improving Board Effectiveness
2013-01-11 | The board plays an integral role as a strategic adviser to senior management and the overall organization. This includes helping to develop the company's long-term goals and evaluating management's approach for achieving those goals. This edition of Deloitte's Hot Topics discusses some of the key responsibilities of the board related to organizational strategy.
Stewardship for the Long Term
2013-01-11 | Following numerous individual and group discussions with a broad set of thought leaders, the CFA Institute published this report focusing on how visionary boards look past the short-term to act as long-term stewards of shareholder assets. The report focuses on six areas that visionary boards and directors should focus on to position their companies for the long-term. Quality earnings practices; shareholder communications; strategic direction; risk oversight, culture; and director and executive compensation are discussed in detail.
Corporate Governance, Value Creation and Growth
The Bridge between Finance and Enterprise
2013-01-11 | This publication from the OECD examines the role of corporate governance arrangements in providing incentives for value creation within private enterprises. It also looks at implications of the differences in ownership structures on corporate governance practices and frameworks. The report looks at these issues from the perspective of emerging markets as well.
Golden Gavel to Cristina Stenbeck and Johan Markman
National award ceremony november 28th
The 2012 award for outstanding performance in the role of chair of the board of was presented to Cristina Stenbeck, Kinnevik and Johan Markman, Atteviks Bil. The award was presented by H.R.H. Prince Daniel at a ceremony at Grand Hôtel in Stockholm on 28 November.
The Golden Gavel is awarded in two categories each year, one for stock exchange listed companies and one for private companies. Nominations are made in a national nomination process.
Wilbury Stratton Sustainability Report
2012-02-10 | A newly published report by Verdantix, explains how today's sustainability risks and opportunities should affect corporate decisions. The purpose of this report is to help decision makers involved in implementing sustainability strategy to better anticipate the organizational enhancements needed to achieve positive business results.
World Economic Forum Global Risks Report 2012
2012-02-07 | The seventh edition of the World Economic Forum Global Risks publication has been released. The report includes an analysis of emerging risks to the global economy and society. It provides an overview of 50 global risks split into 5 different categories.
Euro contingency planning
The possibility of Euro break-up is now being discussed openly
2012-01-27 | The negative consequences of some scenarios are so severe that we sincerely hope that such final outcomes will be avoided - there is a strong imperative on Europe to find a solution to avoid the worst outcomes. Even so it behoves treasurers to be briefing themselves on the issues and possibilities.
Working together the ACT and Deloitte have produced a briefing note on Euro contingency planning. Planning for unprecedented possible outcomes is not easy but steps can be taken right away and this briefing will serve as a checklist of aspects to review and consider.
Stress testing governance
Directors discuss what it takes to emerge stronger from a recession
2012-01-27 | Many of today’s seasoned corporate directors are well positioned to help steer companies through these tough economic times. Why? Because these are the individuals who, as executives, led their companies through the recessions of the early 1980s and 1990s, and the tech bubble in 2000. Working with the Institute of Corporate Directors (ICD), Deloitte delved deeper into these questions at a series of roundtable discussions with corporate directors.
The sustainable board
2012-01-27 | Sustainabiliy is, as few other issues, expected to have as significant an effect on organizations, the way they operate, and the products and services they provide. It is called the next megatrend.