Defining Materiality Materiality matters – it is the cornerstone of financial, and increasingly non-financial, reporting – because it helps determine the importance of an information item for a variety of users. The global capital markets move on information that public companies have about their financing, investing or operating activities. Responsibility for the disclosure of material…

There have long been suggestions that there is not – or should not be – a one size fits all approach to corporate governance. Some of the criticisms of this approach have been that each board is different with respect to industry, culture, competition, technology etc. And while true, experience on one board does not a governance expert make.

The corporate governance of firms and the role of the board of directors are at a crossroads. On the one hand, it has never been more vital to the workings of a business. On the other, it has never been more challenging. As boards grapple with new regulations about transparency and accountability, sustainability concerns, executive…