Governance and the credit crunch
‘If the directors cannot see what’s happening in the business and are not getting good information, they won’t know what questions to ask. If the risk-management processes are not organised in a clear and methodical way, then a handful of part-time non-executives don’t stand much chance of overseeing them.’
Who manages UK plc?
‘There are a lot of people on the operations side of the business with quite wide delegated powers whose behaviour and activities are not being examined at all through the usual reporting cycle.’