The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Corporate boards see shortcomings in monitoring & reporting

 

Only about 34% of board members and top executives say their companies are proficient at monitoring critical non-financial indicators of corporate performance according to a new survey conducted on behalf of Deloitte Touche Tohmatsu by the Economist Intelligence Unit (EIU).

 

The majority of board directors and senior executives surveyed for the study? called ?In the Dark: What Boards and Executives Don't Know about the Health of Their Businesses?? say that factors such as customer satisfaction, innovation, supplier relations and employee commitment are critical to corporate success. But they admit that there are difficulties in monitoring these drivers of organizational performance. By contrast, 86% of executives believe their companies are excellent or good at measuring and tracking the performance indicators necessary for financial reporting purposes.

 

?The findings are a warning sign that unethical behaviour by a small number of executives is not the only critical issue in corporate governance,? says William G. Parrett, Global CEO of Deloitte.  ?It takes more than tracking financial performance to properly mind the store.  And most board members and executives acknowledge that the tools and systems to monitor non-financial performance are either underdeveloped or are missing altogether.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree