New Report Assists Boards To Succeed In 2013

Media release

22 January 2013

New Report Assists Boards To Succeed In 2013

In the post global financial crisis business environment, the boards that lead rather than being led will be the ones that have successfully adapted strategies to turn challenges into opportunities and leverage compliance requirements to their advantage, according to a new report by Deloitte’s Global Centre for Corporate Governance.

The report entitled Directors’ Alert 2013: Lead or be led, includes insights from governance specialists from Deloitte member firms around the globe who have applied local and international perspectives on top boardroom priorities within the context of today’s business environment.

Deloitte’s head of audit, Peter Gulliver says that the report focuses on the top ten issues likely to face organisations and their boards of directors in 2013.

“The purpose is not to provide solutions to the issues discussed, as the best approach for any organisation will depend on its own particular circumstances. Instead, our objective is to assist directors in identifying the issues of importance to their organisations and to help evaluate the strategies and options management has put forward to address current and future challenges, mitigate the risks and seize the opportunities that lie ahead,” Mr Gulliver says.

“The report includes a set of questions around each issue to promote boardroom discussion and is supported with tools and resources so directors can dig deeper to broaden their understanding and improve their board’s effectiveness in dealing with them,” adds Mr Gulliver

The ten key issues that boards of directors may face in 2013 are:

• Finding the best value for cash
• Getting ahead of the next regulatory wave
• Developing risk-aligned strategies
• Strategy the key to winning the war for talent
• Expecting the unexpected
• Will your organization innovate its way to growth?
• Creating an environment for superior performance
• Cutting through the “white noise” in performance reporting
• The board’s number one priority
• Maintaining long-term consistency and short-term flexibility

To read or download Directors’ Alert 2013, go to http://www.corpgov.deloitte.com/nz.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

About Deloitte in New Zealand
Deloitte New Zealand brings together more than 800 specialist professionals providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people are based in Auckland, Hamilton, Wellington, Christchurch and Dunedin, serving clients that range from New Zealand’s largest companies and public sector organisations to smaller businesses with ambition to grow.

Deloitte’s local experts draw on best practice and innovative methodologies from around the world as part of Deloitte Touche Tohmatsu. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s approximately 182,000 professionals are committed to becoming the standard of excellence. For more information about Deloitte in New Zealand, go to our website www.deloitte.co.nz

ENDS

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