Company secretaries: adjusting to the ‘new normal’?

Prepared for ICSA’s annual conference, London, March 2012 If installing Fred Goodwin as Knight Bachelor in 2004 “for services to banking” was unwise, the decision by the previously (and subsequently) obscure Honours Forfeiture Committee to recommend that Her Majesty annul the appointment achieved a whole new low.  While he was, self-evidently, ultimately not a successful…

Will Internal Audit die? Should it die?

Will internal audit die? Won’t internal audit die? Is this not the wrong question to elicit the nature of the problem faced by internal audit? In some senses the problems IA face are perennial. Certainly, in my time as a national chapter President of IIA in the mid 90s, I confronted many of the same…

Awkward questions about governance and risk management

Many analyses of the financial crisis have highlighted the inefficacy of banks’ analytic risk management practices before the event. Many corporate risk practitioners have quickly distanced themselves from the lessons that banks’ risk management functions have sought to learn from the crisis. But perhaps the greatest unlearned lesson is that, prior to the crisis, banks’…