Most new corporate governance regulations cover only a narrow spectrum of corporate risk, making it more likely that companies will neglect other, equally important, areas of risk management, said Tar
He told the convention that pressure from the investment community had been responsible for changes in legislation, which helped to explain the heavy emphasis on disclosure and shareholder reporting. Yet, while improved transparency was undoubtedly overdue, there were many other aspects to good governance.
Among them, Teji highlighted risk and controls management, outsourcing and supply chain issues, and the quality of recruitment and people-management.
"Organisations that comply fully with Combined Code regulations may still find themselves exposed in all kinds of ways to corporate risk factors that the rules either don't consider or only consider in passing," he said.
"These issues go to the heart of good business risk management."
