Board Governance

What is modern slavery? Modern slavery is a crime involving the exploitation of individuals through practices that deprive them of their freedom, and subject them to control for personal or commercial gain. Modern slavery can occur in various forms, including forced labor, debt bondage, and human trafficking. It can exist within an organisations’ own operations, customer base, and in particular the supply chain. What is the modern slavery supply chain risk? Modern slavery poses significant ethical, legal, and reputational risks for organisations, requiring risk professionals to actively manage and mitigate these threats. ...

Board governance is the system by which a board of directors controls an organisation, defining how it operates, makes decisions, and oversees key business outcomes such as strategy, risk, and performance. Effective boards ensure accountability through transparent reporting and ethical conduct, setting the tone at the top and fostering a culture of responsible leadership. Responsibilities of a Board Member Board members play a critical role in: Decision-Making: Setting strategic direction, approving major initiatives, and balancing short-term needs with long-term sustainability while considering stakeholder interests. ...