Whilst the obligations for board members has not changed, the spotlight is being shone on practices that may have slipped down in agenda priority – oversight of risk, culture, roles and responsibilities and remuneration structures. To ensure a balanced response, JNW recommends that the Executive Team conduct a Self-Assessment HealthCheck against the APRA findings. Ideally this is complimented by a fresh Board Performance Assessment. This information should be leveraged to create a Governance Improvement Roadmap that strengthens the focus on strategic objectives and stakeholder trust.
JNW assists Executive and Boards to enhance their processes. Read about our experiences. http://jnw.au/jnws-services/governance-healthcheck/