This month, our Institute will be hosting the latest in our series of Corporate Governance Conferences (CGCs). Readers of this journal will know that our CGCs are the most ambitious undertakings of our CPD calendar. They not only take aim at the specific issues our members need to grapple with in their daily work, but also seek to ask hard questions about the broader context within which we operate. This year’s event will be no exception. It has set its sights on answering how the purpose of the company, the governance professional and governance itself should be redefined to meet the needs of the 21st century.
As usual, a full review of the event will be available in this journal (our November 2022 edition will be on this theme), but this edition of CGj offers an appetiser for the day’s discussions. Technology and climate change governance will feature prominently in those discussions and both themes are a central focus of this month’s journal.
Our cover stories, for example, look at the roles of governance professionals in data governance and ethics. Even where organisations have officers dedicated to overseeing IT issues, data governance is highly relevant to our role. This relevance is obvious in the area of regulatory compliance – organisations need to remain in compliance with the increasingly complex regulation and legislation relating to data privacy, data protection and data retention – but our involvement with these issues does not end there. Building good internal controls, and advising the board on the strategic and ethical issues that need to be considered are equally important.
A particularly interesting but complex area for boards at the moment relates to the ways in which organisations can best adopt the emerging technologies of data analytics and artificial intelligence (AI). These technologies can represent a significant competitive advantage for organisations – apart from anything else they can greatly assist with board decision-making – but they can also represent significant risks. As our recent research report (Roles of Governance Professionals in Today’s Post-Pandemic and Dynamically Changing Risk Environment, published jointly with Corporate Secretaries International Association (CSIA) and Ernst & Young Advisory Services Ltd) points out, advising the board on technology- related issues is a relatively new and challenging area for members of our profession. Our Institute will continue to make this a focus of our CPD and research work.
Climate change governance is another key topic that our upcoming CGC will be addressing, and our In Focus article this month reviews the Institute’s latest research report, published jointly with KPMG China and CLP Holdings Ltd, offering guidance on the tougher regulatory regime relating to climate change reporting that is likely to be in place in Hong Kong by the end of next year. Climate Change Reporting: Imminent, Challenging & Mandatory – The Opening Moves, published on 12 July 2022, seeks to help organisations in Hong Kong prepare for the imminent regulatory regime, but also to assist governance professionals to ensure good governance of climate change reporting and performance.
I leave you, then, to another action- packed edition of your journal and look forward to joining you later this month at our flagship thought leadership event – the Corporate Governance Conference 2022.
As usual, a full review of the event will be available in this journal (our November 2022 edition will be on this theme), but this edition of CGj offers an appetiser for the day’s discussions. Technology and climate change governance will feature prominently in those discussions and both themes are a central focus of this month’s journal.
Our cover stories, for example, look at the roles of governance professionals in data governance and ethics. Even where organisations have officers dedicated to overseeing IT issues, data governance is highly relevant to our role. This relevance is obvious in the area of regulatory compliance – organisations need to remain in compliance with the increasingly complex regulation and legislation relating to data privacy, data protection and data retention – but our involvement with these issues does not end there. Building good internal controls, and advising the board on the strategic and ethical issues that need to be considered are equally important.
A particularly interesting but complex area for boards at the moment relates to the ways in which organisations can best adopt the emerging technologies of data analytics and artificial intelligence (AI). These technologies can represent a significant competitive advantage for organisations – apart from anything else they can greatly assist with board decision-making – but they can also represent significant risks. As our recent research report (Roles of Governance Professionals in Today’s Post-Pandemic and Dynamically Changing Risk Environment, published jointly with Corporate Secretaries International Association (CSIA) and Ernst & Young Advisory Services Ltd) points out, advising the board on technology- related issues is a relatively new and challenging area for members of our profession. Our Institute will continue to make this a focus of our CPD and research work.
Climate change governance is another key topic that our upcoming CGC will be addressing, and our In Focus article this month reviews the Institute’s latest research report, published jointly with KPMG China and CLP Holdings Ltd, offering guidance on the tougher regulatory regime relating to climate change reporting that is likely to be in place in Hong Kong by the end of next year. Climate Change Reporting: Imminent, Challenging & Mandatory – The Opening Moves, published on 12 July 2022, seeks to help organisations in Hong Kong prepare for the imminent regulatory regime, but also to assist governance professionals to ensure good governance of climate change reporting and performance.
I leave you, then, to another action- packed edition of your journal and look forward to joining you later this month at our flagship thought leadership event – the Corporate Governance Conference 2022.
