Corporate Governance Matters: A Closer Look at

Format: Hardcover

Language: English

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In addition, each year the Committee members complete a detailed self-assessment as an aid to maintaining the Committee’s effectiveness. He also served as Chairman of the Board of Directors of the National Council on Economic Education. With 20 years’ experience in both legal practice and as in-house counsel, she has gained expertise in multiple areas including broadcasting, media and intellectual property.

Pages: 496

Publisher: FT Press; 1 edition (April 24, 2011)

ISBN: 013218026X

In the “Benchmarking Governance Practice in Australia” study by Chartered Secretaries Australia (now the Governance Institute of Australia), the survey found a significant rise in the involvement in the entity’s risk management oversight of the Company Secretary, “… due to a growing recognition that risk management is a crucial part of corporate governance, the number of Company Secretaries providing support for the risk committee has risen sharply from 18 per cent in 2003 to almost half (44 per cent) in 2005.” In fact, according to CSA Chief Executive, Mr Tim Sheehy, “in order to focus on the job of governance and risk, they (Company Secretaries) have been shedding other roles.” Peter Wetzig has considerable experience and skills in developing Australian Standards-compliant Risk Management protocols and methodologies to ensure the Board discharges its duties in this vital area of governance and that the Board views and priorities for Risk Management are appreciated and embraced by management. ¹ AS 8000– 2003 Good Governance Principles Section (d) “The Board should ensure that the risks facing the entity have been identified, assessed and that the risks are being properly managed.” Instead, the purpose is to balance individual rights with responsibilities to contribute to the common good. The goal, therefore, is to create spaces of social experimentation and solidarity throughout communities so that all members, including youth, have legitimate opportunities to influence decisions made for collective groups (Etzioni, 1998; Flanagan & Faison, 2001)
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