AP NEWS
Press release content from PR Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from PR Newswire
Press release content from PR Newswire. The AP news staff was not involved in its creation.

Board, Audit Committee Priorities Should Focus on Long-Term Value Creation

December 18, 2019 GMT
KPMG LLP (PRNewsfoto/KPMG LLP)
KPMG LLP (PRNewsfoto/KPMG LLP)

NEW YORK, Dec. 17, 2019 /PRNewswire/ -- Linking boardroom conversations on strategy, risk, and global disruption and understanding how stakeholder expectations are influencing long-term strategy will be critical for boards as they help their companies navigate the year ahead, according to U.S. audit, tax and advisory firm KPMG LLP’s Board Leadership Center (BLC).

Drawing on insights from the BLC’s ongoing work and interactions with corporate directors and business leaders, two publications – On the 2020 board agenda and On the 2020 audit committee agenda – spotlight areas to keep high on board agendas throughout the coming year.

“Front-page headlines on trade wars, Brexit, and geopolitics are front and center in the boardroom requiring more scenario planning and stress testing before strategic decisions are made,” said Dennis. T. Whalen, leader of the BLC. “Robust scenario planning will be critical.”

Other key topics for board agendas include:

To maintain its primary focus on financial reporting and audit quality, audit committees need to manage their agendas, noted John Rodi, leader of KPMG’s Audit Committee Institute. “As the risks that audit committees oversee become more complex, committees should reassess their agendas to help ensure new items don’t overwhelm their capacity to handle them.”

Other items for audit committees’ agendas include:

The reports can be downloaded at:

About the KPMG Board Leadership Center
The KPMG Board Leadership Center champions outstanding governance to help drive long-term corporate value and enhance investor confidence. Through an array of programs and perspectives—including KPMG’s Audit Committee Institute, the WomenCorporateDirectors Foundation, and more—the Center engages with directors and business leaders to help articulate their challenges and promote continuous improvement of public- and private-company governance. Drawing on insights from KPMG professionals and governance experts worldwide, the Center delivers practical thought leadership—on risk and strategy, talent and technology, globalization and compliance, financial reporting and audit quality, and more—all through a board lens. Learn more at www.kpmg.com/us/blc.

KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 207,000 professionals in 153 countries and territories. Learn more at www.kpmg.com/us.

Contact:
Elizabeth Lynch
KPMG LLP
201.505.6316
elizabethlynch@kpmg.com

View original content to download multimedia: http://www.prnewswire.com/news-releases/board-audit-committee-priorities-should-focus-on-long-term-value-creation-300976250.html

SOURCE KPMG LLP