EP44: Principle 9 Risk Management & Internal Controls

01/04/2023 2 min Temporada 1 Episodio 44
EP44: Principle 9 Risk Management & Internal Controls

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Episode Synopsis

Principle 9 says “The Board is responsible for the governance of risk and ensures that Management maintains a sound system of risk management and internal controls, to safeguard the interests of the company and its shareholders”So while people often like to blame the CEO when a firm blows up, we see that the Board is ultimately responsible! How does it carry out its role in risk, despite not being present day-to-day?Show Notes1) Download the Singapore Code of Corporate Governance belowhttps://www.mas.gov.sg/-/media/mas/news-and-publications/code-of-corporate-governance-6-aug-2018-revised-11-jan-2023.pdf2) Join the preparatory course for the SCA examshttps://courses.learningluminaries.com/courses/sca-business-valuation-governance