Bored Boards Are Bad For Business. Smart Companies Are Fixing That

In at least one way, the esteemed executives who lead the world’s most powerful companies are just like you and me: They get bored at meetings. Particularly at corporate board meetings jammed with mind-numbing show-and-tell from management, sta…

Source: www.huffingtonpost.com

An interesting discussion, on a topic that I haven’t seen discussed in this manner. Dave Tate

Internal Audit at Pan American Silver Corp. Prepares to Take Function to the Next Level | KnowledgeLeader: Resources for Internal Audit and Risk Management Professionals

Pan American Silver Corp., founded in 1994, is the second-largest primary silver mining company in the world. In this profile, Hik Park, director of internal audit for Pan American Silver, talks about being hired to establish the organization’s first independent internal audit function.

Click on the following for the article, and then also click on the download link near the bottom (it doesn’t require you to put in any information to view): www.knowledgeleader.com.

We don’t know what will come of the good intentions of course, but the public comment about goals is good if its correct.  It sounds like Pan American IA needs additional staff to make it happen.  And then will the audit committee, board and executive officers join in the effort, with public comment?

Dave Tate, Esq. (San Francisco/California)

Board Oversight of the Risks That Matter

Click on the following link for the discussion: iaonline.theiia.org

A good discussion. The board exercises oversight (and evaluation oversight) over management’s risk management and risk management processes. Dave Tate

Audit Committee Member – What Would Keep Me Up At Night – January 2015

On the 2015 Audit Committee Agenda

10 things that audit committees should keep in mind as they consider and carry out their 2015 agendas.

Click on the following link for the discussion: www.kpmg-institutes.com

Good broad topic areas to consider, although I prefer the following discussion materials that I have written as they are more specific – click on the following link – Audit Committee Self-Evaluation Form David Tate Esq 10302014.

Dave Tate, Esq. (San Francisco / California).

CAQ and Audit Analytics Gauge Audit Committee Transparency

The Center for Audit Quality and Audit Analytics teamed up on an analysis of 2014 audit committee disclosures in proxy statements to assess the effectiveness of the disclosures by public companies of their relationships with auditors and found that many public companies are suffering from disclosure overload.

Click on the following link for the article: www.accountingtoday.com

Interesting discussion, but I’m not sure that the information alone means much, unless greater and specific transparency become mandatory, or recognized best practice with consequences.  Dave Tate, Esq. (San Francisco / California)

Muzzling Directors Who Don’t Agree – California Corporate & Securities Law

Click on the following link for the discussion: calcorporatelaw.com

An interesting discussion.  Dave Tate, Esq. (San Francisco / California)

Wide global divergence in corporate governance requirements | ACCA Global

ACCA-KPMG study highlights the significance of OECD Principles in shaping CG requirements in 25 markets

Just an interesting read – click on the following link for the article: www.accaglobal.com

Dave Tate, Esq. (San Francisco / California)

New guidance from FRC is a shot in the arm for risk management European Risk Insurance Management News Commercial Risk Europe

European Risk & Insurance Management News Commercial Risk Europe London UK

Click on the following for the article: www.commercialriskeurope.com

Companies Still Sorting Through Revenue Recognition Rule, Survey Shows | Compliance Week

PwC and the Financial Executives Research Foundation have offered some fresh evidence that companies don’t yet have their arms fully wrapped around a new standard for how to recognize revenue in financial statements.

Click on the following link for the discussion: www.complianceweek.com

Financial officers, audit committees and boards need to be working toward this, of course. Dave Tate, Esq.