文档介绍：Board responsibility for internal control and risk management
by
Kiattisak Jelatianranat
Chairman, The Institute of Internal Auditors of Thailand
Director, PricewaterhouseCoopers
Kiattisak Jelatianranat
1
pwc
2nd Asian Roundtable on Corporate Governance
Responsibility VS Accountability
Responsibility What, and Who will do ?
Accountability How, and For whom ?
………. Both need independence and objectivity
Kiattisak Jelatianranat
pwc
2
31 May 2000
2nd Asian Roundtable on Corporate Governance
Balanced Scorecard in Corporate Governance
pwc
Financial & non-financial information.
Equitable Treatment of stakeholders.
Combination of Lagging and Leading Information.
Alignment of short-term objectives
3
31 May 2000
2nd Asian Roundtable on Corporate Governance
Balanced Responsibility …… legal & moral
pwc
Create strategic vision
Select CEO & Senior management
Establish strategic, accountable information
Independent, objective petent oversight of day-to-day operations
Board “core” responsibilities……….
Kiattisak Jelatianranat
4
31 May 2000
2nd Asian Roundtable on Corporate Governance
Board Effectiveness
pwc
Corporate governance framework
Risk management system
Internal control system
Auditing
x Board initiative & Ownership of :
x Selection of CEO & senior management
x Oversight of CEO & senior management to establish
Accounting system
MIS
Compliance program
Operating systems
Kiattisak Jelatianranat
5
31 May 2000
2nd Asian Roundtable on Corporate Governance
Why corporate governance matters ?
pwc
Effective governance, and
munication with your stakeholders
Sustainable Growth
Pleasant Working Environment
Substance
Form
Spirit
Kiattisak Jelatianranat
6
31 May 2000
2nd Asian Roundtable on Corporate Governance
Searching for the upside of risk management
pwc
Value Chain VS Risk
Opportunity
Uncertainty
Harzard
Risk is any issue which could impact your ability to meet your objectives
base-line
Enhancement
Preservation