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New report assists boards to succeed in 2013

In the post global financial crisis business environment, the boards that lead rather than being led will be the ones that have successfully adapted strategies to turn challenges into opportunities and leverage compliance requirements to their advantage, according to a new report by Deloitte’s Global Centre for Corporate Governance.

The report entitled Directors’ Alert 2013: Lead or be led, includes insights from governance specialists from Deloitte member firms around the globe who have applied local and international perspectives on top boardroom priorities within the context of today’s business environment.

Deloitte’s head of audit, Peter Gulliver says that the report focuses on the top ten issues likely to face organisations and their boards of directors in 2013.

“The purpose is not to provide solutions to the issues discussed, as the best approach for any organisation will depend on its own particular circumstances.  Instead, our objective is to assist directors in identifying the issues of importance to their organisations and to help evaluate the strategies and options management has put forward to address current and future challenges, mitigate the risks and seize the opportunities that lie ahead,” Mr Gulliver says.

“The report includes a set of questions around each issue to promote boardroom discussion and is supported with tools and resources so directors can dig deeper to broaden their understanding and improve their board’s effectiveness in dealing with them,” adds Mr Gulliver   

The ten key issues that boards of directors may face in 2013 are:

  • Finding the best value for cash
  • Getting ahead of the next regulatory wave
  • Developing risk-aligned strategies
  • Strategy the key to winning the war for talent
  • Expecting the unexpected
  • Will your organization innovate its way to growth?
  • Creating an environment for superior performance
  • Cutting through the “white noise” in performance reporting
  • The board’s number one priority
  • Maintaining long-term consistency and short-term flexibility


To read or download Directors’ Alert 2013, go to http://www.corpgov.deloitte.com/nz

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Name:
Matt Huntington
Company:
Deloitte New Zealand
Job Title:
Communications Manager
Phone:
04 470 3771
Email
mhuntington@deloitte.co.nz
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