Board Oversight of Long-Term Value Creation and Preservation: What needs to change?
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Publication Date:
July 2017
Institutional investors who control trillions of dollars of investor funds are calling on CEOs to focus on long-term value creation and strategy and boards to oversee that process. This paper focuses on the question of whether boards are receiving reliable information to meet investor expectations. The author believes the current risk management and internal audit methods and processes are ill-equipped to meet these expectations. He proposes a new approach–objective centric ERM and internal audit.