What I’m Reading – Jeff Galt
In this week’s recommendation, the auditing profession is under the spotlight, revealing a need for directors to dig into the numbers.
Conflicts of interest can harm your organisation's reputation and trust as well as your own personal reputation. As a director, you need to know how to avoid and manage them. That's why we've updated our templates for the register of interests and disclosure of conflicts of interest. They help you follow the “Identify, Declare, and Manage” framework.
The register of interests keeps track of your personal and professional interests, so you can act in the best interests of the organisation. You can download the templates here.
But templates are not enough. You also need to foster a culture of integrity and accountability within the board. Communicate openly, educate yourself, and discuss ethics and conflicts regularly. For more tips and insights, read this article.