|
Ocorian, the specialist global provider of regulatory and compliance, fund, corporate and fiduciary services, warns that poor board governance can result in regulatory sanctions, dilution of effectiveness and reputational damage. Its global study with senior legal executives at private companies with revenues of between £10 million and £1 billion found just 62% independently evaluate their board annually. Around a third (32%) say independent reviews are only carried out every two to three years while 6% only conduct inhouse reviews.
Ocorian warns that not conducting regular independent reviews of board effectiveness leaves many firms exposed to potential issues which could significantly impact their business. The study shows that across different industries the real...
|