(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Business Management, Enterprise Risk Management

How to manage third-party relationships

By Wendy Chang The Associate Director at Deloitte Risk Advisory looks at ways to effectively monitor third-party risks. Today, companies rarely go to market alone. Corporate success is increasingly supported by complex supply chains, outsourcing and other third-party relationships, forming what we term the “extended enterprise.” Products and services are now, more than ever, created,… Read More How to manage third-party relationships

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Corporate Governance

The importance of independent non-executive directors on corporate boards – a comparative review

The first in a series of thought leadership pieces based on the Institute’s recently published Report on Improving Corporate Governance in Hong Kong. This article discusses one of the recommendations from the report, prepared by Syren Johnstone and Say H Goo, on the independence of Independent Non-Executive Directors (INEDs), currently confirmed through a written confirmation… Read More The importance of independent non-executive directors on corporate boards – a comparative review

(c) Chartered Accountants Australia and New Zealand. Contact Chartered Accountants Australia and New Zealand for permission to reproduce this article., Corporate Governance, Ethics

The trust crisis

By Susan Muldowney Recent high-profile corporate scandals have seen trust in business take a further dive. How can this fragile commodity be restored? When Matt Comyn steps into the top job at the embattled Commonwealth Bank of Australia on 9 April, his first challenge surely will be among his greatest: restoring trust. With critics pointing… Read More The trust crisis

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Corporate Governance

How to end excessive pay

Business plays a vital role in building a world of strong economies, but perceptions of excessive pay are undermining its ability to do this. When executive pay is seen as excessive it attracts overwhelming attention as a blatant symbol of unfairness, and the anger which follows overshadows all other business problems and achievements. ICAEW believes… Read More How to end excessive pay

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Services, Fraud, Risk Management

Keeping it clean: an interview with Santiago Otamendi

The Financial Action Task Force combats money laundering and terrorist financing around the world. Its President, Argentinian justice secretary Santiago Otamendi, tells A Plus about its current battle plans, and how Hong Kong and the accounting profession can help win the war. Leading the global fight against money laundering and terrorist financing should be a… Read More Keeping it clean: an interview with Santiago Otamendi

(c) Chartered Accountants Ireland. Contact Chartered Accountants Ireland for permission to reproduce this article., Corporate Governance

A new era for directors

The Companies Act 2014 led to increased responsibility for directors, but it also clarified what the law requires of them. The role of a company director is an interesting but onerous one. As we all settle into life with the Companies Act 2014, it may seem that the responsibilities of the role have increased, which… Read More A new era for directors