Guarding an organisation against fraud requires the vigilance of multiple stakeholders in the corporate governance ecosystem, each playing their specific role in directing and controlling an organisation’s activities so that long-term value is generated. Companies and professionals should also analyse and learn from past cases of corporate misgovernance.
To this end, ISCA’s Corporate Governance and Risk Management Committee organised a panel session to discuss red flags from recent corporate governance failures. The multidisciplinary expert panel, which comprised seasoned professionals from the audit, legal and independent directorship community, gave their take on some common red flags of corporate governance failures and engaged in a lively Q&A session with the participants. This article is a summary of the learning points from the session. Read more about the event here.