Resume

Samenvatting Governance 23_24 - N. Houthaeve (Deloitte) & Prof. Ann Gaeremynck (KULeuven)

11 fois vendu

Cours
Governance (D0N73A)

Établissement
Katholieke Universiteit Leuven (KU Leuven)

Resume Slides & notes for Governance taught by Nico Houthaeve from Deloitte. (Guestlecture is not included).

[Montrer plus]

Dernier document publié: 1 année de cela

Aperçu 4 sur 75 pages

Voir l'exemple

Publié le 8 janvier 2024
Fichier mis à jour le 10 janvier 2024
Nombre de pages 75
Écrit en 2023/2024
Type Resume

LeonoreVH Membre depuis 4 année 116 documents vendus

€12,99

Ajouter au panier

Ajouter au liste de veux

Garantie de satisfaction à 100%
Disponible immédiatement après paiement
En ligne et en PDF
Tu n'es attaché à rien

Introduction to corporate governance
KU LEUVEN x Deloitte.

Key contacts Deloitte
- Nico Houthaeve
- Helena Callens

Key contacts KU Leuven
- Prof Ann Gaeremynck
- Jasmijne Vandenberk

,Table of Contents
1. Introduction to corporate goverance .............................................................. 6
1992…...................................................................................................................................... 6
Holding the balance .................................................................................................................. 6
1. Corporate Governance ............................................................................................ 7
Why Corporate Governance? – Definition ................................................................................. 7
What is Corporate Governance? ............................................................................................... 7
Stakeholders............................................................................................................................. 7
Regulation ................................................................................................................................ 8
Key concepts ............................................................................................................................ 8
Legislation – overview ............................................................................................................... 8
What is the CG Code 2020 about?........................................................................................ 9
Main changes between the Code 2009 & the new Code 2020 ............................................... 9
Legal framework for non-listed companies ...............................................................................10
Code Buysse III (2017) ........................................................................................................10
2. Basic principles ..................................................................................................... 11
2.1. Board of directors..............................................................................................................11
Code 2020 ...........................................................................................................................12
2.2. CEO and management committee.....................................................................................12
CEO ....................................................................................................................................13
Management committee ......................................................................................................14
2.3. Who decides what? ...........................................................................................................14
2.4. Dualistic board structure....................................................................................................16
Two-tier board structure .......................................................................................................16
Key take-aways ...................................................................................................................16
Information ..........................................................................................................................16
3. Ethical behavior ..................................................................................................... 17
3.1. The Theranos Case ..........................................................................................................17
In the beginning (2003) ........................................................................................................17
The Edison ..........................................................................................................................17
The breakthrough ................................................................................................................18
The growth ..........................................................................................................................18
Board of directors ................................................................................................................18
The culture ..........................................................................................................................18
The criticism (2015) & the end .............................................................................................19
Governance questions .........................................................................................................19
3.2. The Technoboost case......................................................................................................20
Background .........................................................................................................................20
2. Corporate governance bodies ....................................................................... 22
1. Corporate Governance Stakeholders ................................................................... 22
1.1 Shareholders .....................................................................................................................22
Different types .....................................................................................................................22
SMEs ..............................................................................................................................22
Family shareholder ..........................................................................................................24
Professional investor .......................................................................................................24
Minority shareholder ................................................................................................................24
Private equity shareholder .......................................................................................................24
Institutional investor .................................................................................................................24
Non-profit organization ....................................................................................................25
Government ....................................................................................................................25
Financial institutions ........................................................................................................26
1.2 Board of Directors ..............................................................................................................27
Composition ........................................................................................................................27
Case ...............................................................................................................................28
Independent director........................................................................................................28
Diversity quota ................................................................................................................30

2

, Culture ................................................................................................................................34
Business Chemistry .........................................................................................................34
2. Operations of the board of directors .................................................................... 35
1. The BoD meeting ............................................................................................................35
Frequency ...........................................................................................................................35
Running an effective board meeting .....................................................................................36
2. The Agenda of the board directors ...................................................................................36
3. Decision-making ..............................................................................................................37
Starting points .....................................................................................................................37
4. Culture & dynamics .........................................................................................................37
Starting points .....................................................................................................................37
Role of the Chairman of the Board of Directors ....................................................................38
Role of the individual director ...............................................................................................38
5. Information flow ...............................................................................................................38
Starting points .....................................................................................................................38
Focus points ........................................................................................................................38
Perspective of the directors..................................................................................................39
Tips for directors’ points .......................................................................................................39
6. Renumeration ..................................................................................................................39
Code 2020 ...........................................................................................................................39
7. Evaluation of the board of directors..................................................................................40
Why an evaluation of the Board of Directors?.......................................................................40
What techniques can be used for this purpose? ...................................................................40
3. Board committees ................................................................................................. 41
3.1 Audit committee ..........................................................................................................41
3.2 Remuneration committee.............................................................................................42
3.3 Nomination committee .................................................................................................44
4. Reporting ............................................................................................................... 45
4.1 Corporate Governance statement ................................................................................45
4.2 Remuneration report ...................................................................................................45
5. Internal audit .......................................................................................................... 46
5.1 Introduction .................................................................................................................46
What is Internal Audit? – Definition ......................................................................................47
Different types .....................................................................................................................48
Internal vs. External Audit ....................................................................................................48
5.2 IA in practice ...............................................................................................................49
Important principles of risk & control ....................................................................................49
Assessing controls means looking form different angles .......................................................49
Control types .......................................................................................................................50
Ineffective control & overcontrol ...........................................................................................50
6. External audit ......................................................................................................... 51
6.1 Introduction to the audit process ..................................................................................51
6.2 Reporting to those charged with governance...................................................52
The OpenAI case .................................................................................................... 53
Hot topics – Recent developments....................................................................... 55
1. 4th industrial revolution: Digital & cognitive technologies.................................. 55
Industry 4.0 is driven by digital and cognitive technologies .......................................................55
Transformative Power industry 4.0 ...........................................................................................55
Board’s Eye View of Industry 4.0..............................................................................................55
Long-term value creation .........................................................................................................55
2. Purpose .................................................................................................................. 56
Purpose is a key differentiator for businesses today .................................................................56
Shift towards more sustainable value creation! .........................................................................57
The rise of the social enterprise! ..............................................................................................57

3

, 3. Sustainability ......................................................................................................... 57
Our understanding of the sustainability context and urgency ....................................................57
Board’s role in evolving towards a sustainable company ..........................................................57
Corporate Governance Code 2020...........................................................................................58
4. Governance in a non-public environment .................................................... 59
Family Business Dynamics - Governance – CoE (Deloitte Belgium)......................... 59
Perspectives on Boards/Directors ............................................................................... 59
The board of Open AI: Adam D’Angelo, Helen Toner, Ilya Sutskever and Tasha
McCauley ....................................................................................................................... 60
‘Why would I need a board?’ ........................................................................................ 60
Governance & BoD........................................................................................................ 60
Dynamics in governance of family business............................................................... 60
High-Performing Top Team .......................................................................................... 60
Top Team: Growing in Maturity .................................................................................... 61
Boost your EQ in the Boardroom ................................................................................. 61
Drivers to Quality in Top Team Decision Making ........................................................ 62
Beware of the boss: the Dark Triad.............................................................................. 62
What about conflict culture in the board? ................................................................... 63
5. The impact of digitalization ............................................................................ 64
5.1 Digital in the boardroom ......................................................................................... 64
Introduction..............................................................................................................................64
Industry 4.0..............................................................................................................................64
Atlas Copco .........................................................................................................................64
Role of the Board .....................................................................................................................64
Exercising oversight of digital innovation ..................................................................................65
Action plan for the board ..........................................................................................................66
Exercising oversight of digital innovation ..................................................................................66
5.2 Digital & analytics in finance & audit ..................................................................... 67
5.2.1 Digitalization ...................................................................................................................67
Use of analytics ...................................................................................................................67
Breaking boundaries ............................................................................................................67
5.2.2 Audit digitalization ...........................................................................................................67
Audit transformation.............................................................................................................67
In-class discussion ..............................................................................................................68
Hot topic: Blockchain ...........................................................................................................68
Use cases .......................................................................................................................69
Example ..........................................................................................................................69
5.2.3 The auditor’s digital toolkit ...............................................................................................69
Audit transformation.............................................................................................................69
Analytics..........................................................................................................................70
Coordination portal ..........................................................................................................70
AI-based risk sensing ......................................................................................................71
Guided risk assessment ..................................................................................................71
AI - Machine learning .......................................................................................................71
Drones ............................................................................................................................72
Process analysis .............................................................................................................72
RPA ................................................................................................................................72
5.3 Digital cases ............................................................................................................ 72
6. Trends & Evolutions ....................................................................................... 73

4

Les avantages d'acheter des résumés chez Stuvia:

Qualité garantie par les avis des clients

Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.

L’achat facile et rapide

Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.

Focus sur l’essentiel

Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.

Foire aux questions

Qu'est-ce que j'obtiens en achetant ce document ?

Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.

Garantie de remboursement : comment ça marche ?

Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.

Auprès de qui est-ce que j'achète ce résumé ?

Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur LeonoreVH. Stuvia facilite les paiements au vendeur.

Est-ce que j'aurai un abonnement?

Non, vous n'achetez ce résumé que pour €12,99. Vous n'êtes lié à rien après votre achat.

Peut-on faire confiance à Stuvia ?

4.6 étoiles sur Google & Trustpilot (+1000 avis)

68175 résumés ont été vendus ces 30 derniers jours

Fondée en 2010, la référence pour acheter des résumés depuis déjà 15 ans

Commencez à vendre!

Resume

Samenvatting Governance 23_24 - N. Houthaeve (Deloitte) & Prof. Ann Gaeremynck (KULeuven)

Infos sur le Document

Sujets

École, étude et sujet

Vendeur

Avis reçus

Aperçu du contenu