ASX consultation on Corporate Governance Principles

by Carol A Adams Main points: ‘Social licence to operate’ is inappropriate as a frame for determining climate change and other sustainability risks Boards should identify sustainable development risks in their external environment Climate change and sustainability risks should be on the Board skills matrix Minimum gender targets for women should be enforced The ASX […]

Bringing to life the value creation process in corporate reporting

by Kerry Hicks, Senior Policy Advisor, Australian Institute of Company Directors The reporting process should be seen as an investment which can bring huge rewards, says Dr Carol Adams. This interview with Carol Adams was first published by the Australian Institute of Company Directors here Dr Carol Adams is an author, consultant and Non-Executive Director […]

Corporate Governance Code consultation tackles the big issues

by Carol A Adams Ethnic diversity, the UN Sustainable Development Goals, wider stakeholder interests and encouraging a longer-term focus are some of the issues considered in the UK Financial Reporting Council’s (FRC) consultation on the revision of the Corporate Governance Code. Elsewhere many corporate governance codes are yet to address these issues and, whilst the […]

The role of boards in enhancing the credibility of integrated reports

By Carol A Adams It is a clear expectation that Board members are financially literate and any Board using a skills matrix will encapsulate this in some way.  But what about an understanding of value beyond profit? Or of the broader risks and opportunities that lead to, or threaten, value creation? Integrated reports are designed […]

Conceptualising the contemporary corporate value creation process

By Carol A. Adams The purpose of this paper is to examine and explain the complex interrelationships which influence the ability of firms to create value for their providers of finance and other stakeholders (loosely referred to in practice as “integrated thinking”). In doing so it examines the interrelationships between: environmental, social and governance (ESG) […]

Changing views from the Board on the meaning of value

by Carol A Adams In this CPA Australia podcast I discuss research which explores the interrelationship which influence corporate ability  to create value as broadly defined by the International Integrated Reporting Council. It discusses insights from interviews with Board Chairmen and Non-Executive Directors of major South African and Australian companies.  The research was funded by […]

Paul Druckman discusses the meaning of value creation

In this video Paul Druckman discusses the complexity of changing the capital market system given diverse stakeholder interests and the approach that corporate boards should take to the governance of ESG issues in light of the VW scandal.  He responds to criticisms by some academics that the International Integrated Reporting Council (IIRC) has moved away from […]

The role of corporate reporting in raising awareness of ESG risks and opportunities

By Carol A Adams Do Board Directors really understand the inter-relationships between: Environmental, Social and Governance (ESG) risk; delivering on strategy; and, corporate reporting? There are a number of factors that, taken together, make this an important question: the link between ESG risk, reputational damage and delivering on strategy; investor demand (or lack thereof) for […]

The VW scandal, “green” revenue manipulation and corporate governance

by Carol A Adams For anyone interested in the subject of business ethics, these have been tantalising times. The VW emissions scandal has brought business ethics to the forefront of the global news agenda and into public consciousness. In this case up to 11 million global consumers are potentially affected by questionable practices. This is […]

CFO: A misnomer?

By Ken Weldin and Carol Adams From recent discussions with the members of our network serving as CFOs, a common theme has emerged. Having reached the pinnacle of their career claiming the cherished CFO title, most feel professionally fulfilled and mentally stimulated, but the role is far wider reaching than when they assumed it. It […]