2023 remains a challenging year where companies are under pressure from macroeconomic factors and geopolitical tensions, which are largely beyond their control. The boards should stay vigilant of these trends and external pressures and be prepared to switch gears when necessary. To top it off, ESG remains as an ongoing relevant hot topic that will drive the boards’ agenda in upcoming years.
KPMG Asia Pacific Board Leadership Centre (BLC) hosted webinar entitled 2023 Board and audit committee priorities, presented live on 6 July 2023. More than 300 board members and C-level executives enjoyed the inter-active sessions. The key takeaways that the speakers and panelists shared during the webinar were as follows:
- The effectiveness of board oversight is of paramount importance in addressing potential risks and capitalizing on emerging opportunities. Emerging technological advancements such as ChatGPT have their risks but may pave the way for growth and innovation, opening up new avenues for progress.
- Geopolitical shifts and economic trends have a significant influence on the organization's risk profile. Many developing countries are struggling with the combination of high inflation, tight global financial markets and record debt levels.
- Lastly, boards must ensure that their organizations maintain a steadfast dedication to sustainable practices and act responsibly in their ESG initiatives. Our panel of business leaders also shared best practices of embedding ESG in a company’s culture and practice and how the board can lead this transformation.
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Access the slides to the 2023 KPMG Asia Pacific Board and Audit Committee Priorities webinar.
KPMG Indonesia’s Partner in Charge Board Governance Forum
Harry Widjaja
Partner, Audit & Assurance Services
KPMG in Indonesia
Email: Harry.Widjaja@kpmg.co.id
LinkedIn Profile | KPMG Board Governance Forum
Harry is a partner in Audit & Assurance Services at KPMG Indonesia. He has more than 17 years of audit experience encompassing automotive, trading and services sectors. A member of the Indonesian Institute of Certified Public Accountants (IAPI), he is now looking after KPMG Indonesia’s Board Governance Forum.
