Independent directors: driving integrity


The board has statutory and general regulatory obligations to exercise their fiduciary and other responsibilities with care, skill and reasonable diligence. Breaches of these duties can result in criminal and civil prosecutions. While independent directors (IDs) have the same legal responsibilities as other directors, by virtue of their non-executive capacity, IDs are arguably under greater … Continued

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Somali pirates hijack first commercial ship since 2012


Security forces have been sent to free the Aris 13, a regional police official said late on Tuesday. “We are determined to rescue the ship and its crew. Our forces have set off to Alula. It is our duty to rescue ships hijacked by pirates and we shall rescue it,” Abdirahman Mohamud Hassan, director general … Continued

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How a Cyber Attack Could Cause the Next Financial Crisis


Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. But the next crisis might not come from a financial shock at all. The more likely culprit: … Continued

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