The Chartered Governance Institute has today welcomed the Government’s proposals to reform the UK audit market and strengthen the country’s corporate governance regime, but stressed that the proposed legislation around audit has to be evaluated on how well it addresses core concerns on the role of audit, the degree of professional scepticism exercised by auditors and the lack of trust in the ability of auditors outside the Big Four.

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The Guernsey Branch of ICSA: The Chartered Governance Institute is pleased to announce the winners of this year’s Guernsey Branch Awards, which recognise the achievements of Guernsey’s top governance professionals and corporate service providers. The academic achievements of the Institute’s members and students were also celebrated at the Guernsey Branch Annual Dinner and Awards, which took place at the Duke of Richmond Hotel on Friday, 13 November 2020.

In this podcast Susan Stenson, a partner at Independent Audit, discusses the impact that environment, social and governance (ESG) issues are having in the boardroom. She outlines the importance of linking these areas back to the overall purpose and strategy of the organisation to enable directors to understand which issues they should focus on and how they should communicate their approach to their stakeholders. Susan outlines how governance lays the foundations for a strong response to ESG issues from boards of directors. She also argues that if the board is honest about how it has decided its ESG priorities, its approach is much more likely to be successful.

Nicola Caroll, Corporate Governance Director at Rolls-Royce Holdings plc, and Robert Lyons, Deputy Company Secretary at Marks and Spencer Group plc have been jointly named ‘Governance Professional of the Year’ at The Chartered Governance Institute UK & Ireland’s 2021 Awards, which took place at the London Park Lane Hilton Hotel last night. The Awards, which were hosted by BBC Breakfast presenter and Strictly Come Dancing contestant Dan Walker, recognise those individuals and teams who have excelled in good governance, helping organisations to better serve their stakeholders and society in the process.

The winners of this year’s ICSA Awards were announced at a glittering awards dinner at the Park Lane Hilton in London last night. Hosted by comedian Simon Evans, the awards welcomed 670 of the UK’s leading governance professionals who were there to celebrate the achievements of those organisations, individuals and teams that are leading the way in good governance and corporate reporting.

In this podcast James Beasley, Senior Director at Nasdaq Governance Solutions, discusses the boardroom of the future. He considers how its directors will use what are currently emerging technologies to fulfil their duties and carry out their responsibilities more effectively. James contemplates the potential for improving board effectiveness through using virtual assistant technology or chatbots in the boardroom, as well as taking into account the potential risks this functionality poses. James believes today’s boards are ready to embrace technology but warns against solutions for solutions’ sake, highlighting that the use of technology shouldn’t be at the expense of overall board effectiveness.

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In this podcast James Beasley, Senior Director at Nasdaq Governance Solutions, discusses stakeholder capitalism and its significance for businesses today. He argues that stakeholder engagement is the means by which to achieve stakeholder capitalism because it allows the business to understand different stakeholders and therefore act in their interests. James argues that the convergence of many monumental events over the last two years has brought stakeholder capitalism into the limelight and front and centre for boards. He outlines innovative methods for engaging with two important stakeholder groups: customers and employees. James argues that organisations need to develop more sophisticated data points for understanding stakeholders, focusing on qualitive rather than quantitative data to bring stakeholder experiences to life.