Not all firms have someone as the appointed chair of the board but, where they do, it’s a role that interests regulators. In very broad terms, I see the CEO function (SMF1), the chair of the board function (SMF9) and the chief risk officer function (SMF4) attracting the most regulatory attention. It’s common for the […]
Tag Archives: culture
What makes an effective Chair of the Board?
Posted in Governance Reframed
Also tagged board effectiveness, boards, Chair, effectiveness, regulators
Comments closed
New and emerging non-financial risks – Part 2: Not the technology-related non-financial risks
Non-financial risks have become at least as important, to both firms and regulators, as financial risks. This is mostly due to the importance of firms’ dependence on IT systems to operate their businesses but regulators (particularly the Financial Conduct Authority – the FCA) are also highlighting non-financial risks arising from newer regulatory topics, adding to […]
Posted in Articles
Also tagged conduct risk, consumer duty, CP23/20, D&I, diversity and inclusion, FCA, Financial Conduct Authority, financial exclusion, groupthink, non-financial misconduct, non-financial risks, retail customers, risk taxonomy, risks
Comments closed
Two suggestions for tackling micro-exclusions (with thanks to Adam Grant)
Diversity and inclusion remain high on the regulators’ agenda but their proposals are unlikely to address a trail of demoralising situations I’ve seen in practice. I call these micro-exclusions, the small and subtle actions that result in some being favoured over others, certain voices not being heard and those who don’t ‘get on board’ being […]
Posted in Articles
Also tagged Adam Grant, brainwriting, diversity, diversity and inclusion, Hidden Potential, lattice management, lattice management system, micro-exclusions, psychological safety, regulators, SMCR, speak out
Comments closed
What makes an outstanding board?
This started as an article about what makes a board of directors ‘effective’ but I decided that was aiming too low. Why shouldn’t a board be outstanding? Let’s begin though with board effectiveness. 1 Board effectiveness What made the board of a bank or other financial institution ‘effective’ a few years ago won’t hit the […]
Posted in Articles
Also tagged board effectiveness, board of directors, boards, challenge, controls, corporate governance, D&I, diversity, diversity and inclusion, EWI, governance, groupthink, KRI, MI, non-executive directors, strategy
Comments closed